SouFun Holdings (SFUN) Reports Q3 Loss of $0.03/Share; Lowers FY16 Revenue Outlook

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Go back to SouFun Holdings (SFUN) Reports Q3 Loss of $0.03/Share; Lowers FY16 Revenue Outlook

Nomura Assumes, Downgrades SouFun Holdings (SFUN) to Reduce

November 28, 2016 3:54 PM EST

Nomur assumes and downgraded SouFun Holdings (NYSE: SFUN) from Buy to Reduce with a price target of $3.03 (from $6.79).

Analyst Elly Chen commented, "We assume coverage of Soufun and downgrade it to Reduce from Buy, given the difficulties in its new businesses, and uncertainties... More