Goldman Sachs Starts Shanda Games (GAME) at Conviction Buy, Replacing SINA
More News related to GAME
- Shanda Games to Report Third Quarter 2009 Financial Results on December 1, 2009 (Eastern Time)
- Shanda Announces Joint Venture with Hunan TV
- Notable Analyst Rating Changes 11/5: PALM, VALE, TRW, ONNN, MDT, SPWRA Upgraded; CMCSA, ARO, DPTR, GRMN TEX Downgraded
- Oppenheimer Initiates Coverage on Shanda Games (GAME) with an Outperform
- Citi Initiates Coverage on Shanda Games (GAME) with a Buy
More News related to SINA
- Notable Analyst Rating Changes 11/17: XOM, PALM, ALKS, ITW, SINA Upgraded; SPWRA, PARD, PSUN, JOYG Downgraded
- Highlights From SINA's Q3 Conference Call: Sees Continued Growth in China, But Guides Slightly Below for Q4 Revenues
- Morning Movers 11/17: ZOOM, SMTL, AGO, ABCW, XJT Higher; INOC, QUIK, PSUN, ERI, FTK, TBUS Lower
- SINA Corp Up After BUYINS.NET Report Predicted Strength After Earnings
- Deutsche Bank Upgrades Sina Corp (SINA) to Buy
Goldman Sachs initiates coverage on Shanda Games (Nasdaq: GAME) with a Buy rating and added the stock to their Asia Pacific Conviction Buy List with a $13 price target.
The firm said, "We believe GAME faces less near-term earnings risk relative to other Chinese game companies given its balanced portfolio approach which allows it to maintain steady sequential revenue growth in the mid- to high-single-digit percentages."
Goldman Sachs removed Sina Corp. (Nasdaq: SINA) from its Asia Pacific Conviction Buy List, but maintains a Buy rating and $44 price target. The firm cited lower relative upside to the target price.
Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php
Related Categories
Analyst CommentsNew Coverage
Trader Talk
Stocks Mentioned
+0.18
-0.50Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
