BofA/Merrill Lynch Downgrades Fang Holdings (SFUN) to Underperform

BofA/Merrill Lynch analyst Miranda Zhuang downgraded Fang Holdings (NYSE: SFUN) from Buy to Underperform with a price target of $1.50 (from $4.20).

Zhuang said they believe Soufun (SFUN) lost market share in both ad and listing businesses in FY18.

For an analyst ratings summary and ratings history on Fang Holdings click here. For more ratings news on Fang Holdings click here.

Shares of Fang Holdings closed at $1.48 yesterday.

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