Deutsche Considers Shanda Interactive (SNDA) As Hold

Deutsche Bank upgraded Shanda Interactive Entertainment (NASDAQ: SNDA) from “sell” to “hold.” The target price for SNDA has been raised from $42 to $48. Deutsche Bank finds the valuation of SNDA attractive. Moreover, with the company's Shanda Games (NASDAQ: GAME) subsidiary initiated with a “buy” rating, the outlook for the subsidiary is positive.

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