BofA/Merrill Downgrades China Mass Media (CMM) to Underperform
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BofA/Merrill downgrades China Mass Media (NYSE: CMM) from Neutral to Underperform. The firm maintains its $4.60 price target.
The downgrade follows China Mass Media's Q2 results this morning. The stock has tumbled more than 18% on the news, most recently trading at $4.12.
To see all the analyst calls on China Mass Media following the quarterly results, visit our Analyst Ratings page.
China Mass Media Corp. operates as an independent television advertising company in the Peoples Republic of China.
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