Focus Media (FMCN), SINA (SINA) Higher as Morgan Stanley Upgrades to Overweight
An analyst at Morgan Stanley has upgraded several stocks in the Online Services group today, Focus Media (Nasdaq: FMCN) and SINA Corp. (Nasdaq: SINA), both from Equal Weight to Overweight.
Traders are cheering the upgrades today, bidding up shares of both stocks. Focus Media shares are up 9% to $14.18, while shares of SINA have rallied more than 6% to $41.15.
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