Wedbush Upgrades AsiaInfo Holdings (ASIA) to Outperform; More Positive on Telecom
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Wedbush upgrades AsiaInfo Holdings (Nasdaq: ASIA) from Neutral to Outperform. Price target increased from $19 to $28.
Wedbush analyst says, "We are upgrading to OUTPERFORM, as we are more positive on telecom
BSS/BI/OSS (business support systems/business intelligence/operations support systems) growth in China, favorable impact on vendor rationalization, and opportunities from new products/markets. We also continue to see upside to long-term expectations and are increasing our estimates...After telecom meetings in China and with AsiaInfo, we expect telecom market restructuring, 3G launches, and government stimulus to drive BSS/BI/OSS growth in China in excess of our previous expectations...Our confidence is increasing in longer-term opportunities in new regions and products."
To see more analyst ratings on ASIA Click Here.
AsiaInfo Holdings, Inc. provides telecommunications software solutions, and information technology (IT) security products and services for telecommunications service providers, as well as to other major enterprises in China.
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