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Pacific Crest Riases SINA (SINA) to Outperform; Still Undervalued vs. Net Asst Value

March 31, 2014 9:52 AM EDT
Get Alerts SINA Hot Sheet
Price: $43.26 --0%

Rating Summary:
    11 Buy, 14 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Pacific Crest upgrades SINA Corp. (Nasdaq: SINA) from Sector Perform to Outperform with a price target of $88.

Analyst Cheng Cheng likes how SINA looks on a sum-of-the-parts basis and believes the market is undervaluing the company relative to its net asset value. The analyst said, with a significant portion of SINA’s value locked in Weibo, we had been hesitant to be more positive on the name.” Pacific Crest said in a note to clients ... Now, with our increased clarity on SINA’s asset composition, increasing asset liquidity, and decreased reliance on Weibo valuation, we see an extremely positive risk/reward profile for SINA.

For an analyst ratings summary and ratings history on SINA Corporation click here. For more ratings news on SINA Corporation click here.


SINA Corporation closed at $58.95 last Friday.


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