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WUBA

58.com

$47.52

-0.9 (-1.86%)

05:50
10/05/16
10/05
05:50
10/05/16
05:50

58.com initiated with a Buy at Deutsche Bank

Deutsche Bank analyst Alvin Jiang started 58.com with a Buy rating and $65 price target. 58.com is the fastest growing company in the online advertising market in China, Jiang tells investors in a research note.

WUBA 58.com
$47.52

-0.9 (-1.86%)

07/08/16
07/08/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Yelp (YELP) initiated with a Neutral at Wedbush. 2. PayPal (PYPL) initiated with an Overweight at Stephens. 3. GrubHub (GRUB) initiated with an Outperform at Wedbush. 4. Anthera (ANTH) initiated with a Buy at H.C. Wainwright. 5. 58.com (WUBA) initiated with an Outperform at Macquarie. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/08/16
LYON
08/08/16
UPGRADE
LYON
Buy
58.com upgraded to Buy from Sell at CLSA
CLSA analyst Man Ho Lam upgraded 58.com to Buy from Sell and raised its price target to $65 from $53. The analyst said shares are down 21% year-to-date and reflect margin concerns and the unlocking of restricted shares. He believes 58.com may have turned profitable in Q2 and operating leverage could boost margins, lifting valuation.
08/08/16
08/08/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. AIG (AIG) upgraded to Conviction Buy from Buy at Goldman with analyst Michael Nannizzi saying the risk/reward is "increasingly attractive" following the company's "strong" second quarter results. 2. 58.com (WUBA) upgraded to Buy from Sell at CLSA with analyst Man Ho Lam saying shares are down 21% year-to-date and reflect margin concerns and the unlocking of restricted shares. 3. Reynolds American (RAI) upgraded to Outperform from Underperform at CLSA with analyst Michael Lavery saying valuation is compelling relative to Altria (MO) and expects strong portfolio, share momentum, and multiple levers to drive earnings growth. 4. Merck (MRK) upgraded to Outperform from Neutral at Credit Suisse with analyst Vamil Divan upgrading the stock to Outperform and raised its price target to $73 following news that Bristol-Meyers' (BMY) CheckMate-026 study failed to meet its primary endpoint. 5. Monsanto (MON) upgraded to Buy from Neutral at Monness Crespi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/19/16
BMUR
08/19/16
NO CHANGE
Target $57
BMUR
Buy
58.com price target lowered to $57 from $65 at Brean Capital
Brean Capital analyst Fawne Jiang lowered her price target on 58.com to $57 from $65 following mixed Q2 results. The firm cited soft guidance due to a recent business model transition and agency clean-up efforts which will put growth pressure on revenues. Jiang reiterated her Buy rating on 58.com shares as she believes the long-term growth story remains intact.

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