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UPDATE: Brean Murray Carret & Co. Lowers Sina's PT

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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

DateFirmActionFromTo
Mar 2020B of A SecuritiesReiteratesBuy
Feb 2020BenchmarkMaintainsBuy
Aug 2019JefferiesInitiates Coverage OnHold

View More Analyst Ratings for SINA

View the Latest Analyst Ratings

 

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Posted-In: Brean Murray Carret & Co.Analyst Color Price Target Analyst Ratings

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