SINA (SINA) Shares Jump Higher as Pali Upgrades to Buy

Shares of SINA Corp. (Nasdaq: SINA) have spiked just after the open as an analyst at Pali Research has upgraded the stock from Neutral to Buy. The firm also set a price target of $52.

The firm cites:

• advertising market pick up starting from Sept. '09;
  
• China's real economy is rebounding, 2010 will be a better year; and
  
• management investment in SINA.

After opening higher and then swinging into negative territory, the stock is now up 0.8% to $41.50.

Visit our Analyst Ratings page to see all the market-moving upgrades/downgrades on shares of SINA.

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