BOCOM cuts Sina to Neutral

BOCOM International Holdings has cut its rating on Sina (NASDAQ:SINA) to Neutral, from a previous Buy.

That move follows an earnings report where Sina topped expectations thanks in large part to nonadvertising revenues that made up for an ad shortfall.

BOCOM set its price target to $32, implying 6.3% downside.

Shares are down 1% premarket.


Leave a Reply