Goldman Sachs Upgrades AsiaInfo Holdings (ASIA) to Conviction Buy

March 1, 2010 7:17 AM EST
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Price: $11.99 --0%

Rating Summary:
    3 Buy, 6 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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Goldman Sachs upgrades AsiaInfo Holdings (Nasdaq: ASIA) from Neutral to Buy and added the stock to their Conviction Buy list. The firm set a $31 price target.

The firm said the company should see 20% year-over-year growth, continued market share gains, increasing cross selling opportunities, an improving competitive environment, and could benefit from potential USD/RMB depreciation in 2010-2011.

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