E-House (EJ) Tops Q2 EPS by 5c

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Go back to E-House (EJ) Tops Q2 EPS by 5c

Brean Capital Cuts Price Target on E-House (EJ) to $7.38 Following EPS Beat

August 26, 2015 7:19 AM EDT

Brean Capital maintained a Buy rating on E-House (China) Holdings Ltd (NYSE: EJ), and cut the price target to $7.38 (from $13.00), following the company's 2Q15 earnings report. Revenue of $270.5 million, exceeding consensus expectations of $245.0 million. Non-GAAP EPS was $0.10, considerably above the Streets $0.05. Management maintained its annual revenue guidance for 2015, ranging between $1.05 billion to $1.10 billion, in line with consensus expectations of $1.06... More