500.com Ltd (WBAI) Tops Q2 EPS by 20c

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Go back to 500.com Ltd (WBAI) Tops Q2 EPS by 20c

500.com (WBAI) Price Target Raised to $40 at Deutsche Bank, Remains Neutral Rated

August 11, 2014 1:34 PM EDT

Deutsche Bank maintained a Buy rating on 500.com Ltd (NYSE: WBAI) and raised its price target to $40.00 (from $37.00). Analyst Alan Hellawell III commented on Q2.

"The strong beat was driven by: 1) better-than-expected expense control and 2) a one-off RMB11m tax benefit from revision of tax rate. World Cup fever and the new... More