Bitauto (BITA) Reports In-Line Q1 EPS, Beats on Revenues; Offers Q2 Revenue Outlook

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Bitauto Holdings (BITA) PT Raised to $33 at HSBC; 'Equity Fundraising & Potential IPO to Unlock Value of Yixin'

May 15, 2017 12:25 PM EDT

HSBC raised its price target on Bitauto Holdings (NYSE: BITA) to $33.00 (from $27.00) while maintaining a Buy rating, following an announcement by the e-financing and transaction service unit, that the company was entering into agreements with strategic investors on a new round of... More