UPDATE: Brean Murray Carret & Co. Lowers Sina's PT
According to a research report published this morning, Brean Murray Carret & Co. has lowered Sina's (NASDAQ: SINA) PT from $92 to $82.
In the report, Brean Murray Carret & Co. said, "SINA reported 1Q12 results with Non GAAP revenue of $101.5mm at the low end of its guidance and below expectations of $103.2mm. Brand advertising revenue saw a soft start (‐24.2% QoQ, +8.6% YoY), largely attributable to a slowdown in the IT, Telecom and Financial sectors partially offset by healthy growth from FMCG and Auto sectors. Non GAAP EPS came in at ‐$0.21, a smaller loss than consensus of ‐$0.23."
Brean Murray Carret & Co. maintains its Buy rating on Sina, which closed yesterday at $51.68.
Latest Ratings for SINA
Date | Firm | Action | From | To |
---|---|---|---|---|
Mar 2020 | B of A Securities | Reiterates | Buy | |
Feb 2020 | Benchmark | Maintains | Buy | |
Aug 2019 | Jefferies | Initiates Coverage On | Hold |
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Posted-In: Brean Murray Carret & Co.Analyst Color Price Target Analyst Ratings