AutoNavi (AMAP) Tops Q4 EPS by 2c; Approves $50M Buyback; Guides FY13 Sales
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Goldman Sachs Downgrades AutoNavi Holdings (AMAP) to Neutral
February 28, 2013 7:59 AM ESTGoldman Sachs downgraded AutoNavi Holdings (NASDAQ: AMAP) from Buy to Neutral with a price target of $10.40 (from $17.30) citing intensifying competition in LBS market.
The firm expects pressure on volume and pricing for its smartphone pre-install business to intensify amid rising competition in 2013.... More
