Renren (RENN) Tops Q1 EPS by 15c
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BofA/Merrill Lynch Downgrades Renren Inc (RENN) to Underperform
May 22, 2014 9:58 AM EDTBofA/Merrill Lynch downgraded Renren Inc (NYSE: RENN) from Neutral to Underperform and cut its price target to $2.80 from $3.60.
Analyst Eddie Leung notes users growth is under pressure and monetization lagging. "We downgrade Renren to Underperform from Neutral as we believe the transition... More
