NQ Mobile (NQ) Defended at Macquarie

October 28, 2013 8:58 AM EDT
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Price: $2.20 --0%

Rating Summary:
    4 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 4 | Down: 16 | New: 26
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Macquarie maintained an Outperform rating on NQ Mobile (NYSE: NQ) with a price target of $26.00. Comments follow a sharp decline in the wake of a negative report by Muddy Waters Research. Analyst Jiong Shao called a recent 56% decline in the stock a "rare opportunity."

Shao expected NQ Mobile to report strong results on November 13th, and it's likely to begin share repurchases 2 days after the blackout is lifted.

For an analyst ratings summary and ratings history on NQ Mobile click here. For more ratings news on NQ Mobile click here.

Shares of NQ Mobile closed at $10.63 yesterday.

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