Credit Suisse Cuts Renren (RENN) to Neutral

February 15, 2012 1:32 PM EST
Get Alerts RENN Hot Sheet
Price: $1.65 --0%

Rating Summary:
    1 Buy, 7 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 11 | New: 16
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Credit Suisse's Wallace Cheung downgraded shares of Renren Inc (NYSE: RENN) from Outperform to Neutral in an intraday research note. The analyst reduced his price target on the stock from $8.40 to $5.40.

Shares of Renren are currently down 3.1 percent to $5.27.

For an analyst ratings summary and ratings history on Renren Inc click here. For more ratings news on Renren Inc click here.


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