Renren (RENN) Posts Narrower than Expected Q3 Loss; Issues Light Q4 Revs Outlook

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Go back to Renren (RENN) Posts Narrower than Expected Q3 Loss; Issues Light Q4 Revs Outlook

Renren (RENN) Sees Weak Ads, Strong Games, Mobile Shift

November 14, 2012 11:51 AM EST

Jefferies maintained a Hold rating on Renren Inc (NYSE: RENN) and trimmed its price target to $3.70 (from $3.80).

Commenting on Renren's quarterly results, analyst Cynthia Meng said, "Online ads remain weak due to soft macro, rising competition and fast shift from PC to... More