Focus Media (FMCN), SINA (SINA) Higher as Morgan Stanley Upgrades to Overweight

October 19, 2009 11:21 AM EDT

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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Stocks Mentioned

FMCN 13.37

+0.27 +2.06%
Volume: 977,124
Track FMCN

SINA 36.15

+0.30 +0.84%
Volume: 797,646
Track SINA


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