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SFUN

Fang Holdings

$2.99

-0.445 (-12.97%)

15:37
11/28/16
11/28
15:37
11/28/16
15:37

Fang Holdings downgraded to Reduce from Buy at Nomura

  • 28

    Nov

SFUN Fang Holdings
$2.99

-0.445 (-12.97%)

06/07/16
BMUR
06/07/16
INITIATION
BMUR
Hold
SouFun initiated with a Hold at Brean Capital
Brean Capital analyst Fawne Jiang started SouFun Holdings with a Hold rating. The company is still in transition with lack of visibility on its sustainable earnings growth, the analyst contends.
08/26/16
LYON
08/26/16
DOWNGRADE
Target $4.5
LYON
Sell
SouFun downgraded to Sell from Underperform at CLSA
CLSA analyst Man Ho Lam downgraded SouFun to Sell and lowered its price target to $4.50 from $6. The analyst said SouFun reported better than expected Q2 results but believes secondary brokerage momentum has stalled with GMV and volume down sequentially, and could continue into 2H 2016.
08/26/16
08/26/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. B. Riley downgraded Nike (NKE) to Neutral and maintained its $62 price target, with analyst Mitch Kummetz saying Nike basketball has improved sequentially, but is more than offset by running weakness. He expects futures to be flat to down sequentially when Nike reports next month. 2. Telsey Advisory downgraded Viacom (VIAB) to Market Perform from Outperform, as analyst Tom Egan believes a Viacom credit downgrade is a real threat following Moody's lowered its rating outlook to negative from stable last month. Egan said Viacom's fundamentals continue to trail every other major U.S. entertainment company and said a turn-around in FY17 is unlikely. 3. CLSA analyst Man Ho Lam downgraded SouFun (SFUN) to Sell, as he believes secondary brokerage momentum has stalled with GMV and volume down sequentially, and could continue into 2H 2016. 4. Citi analyst Paul Lejuez downgraded Signet Jewelers (SIG) to Neutral from Buy, citing its weakening fundamentals. Zale's weakness in the past two quarters makes him question if that business is likely to close the sales productivity and profit gap versus Kay, as he'd previously assumed was possible, said Lejuez, who cut his price target on Signet shares to $83 from $125. 5. Piper Jaffray analyst Peter Appert downgraded ITT Educational (ESI) to Underweight, stating that the Department of Education's new ban on ITT Education enrolling new students will likely be the "final blow." He assumes the company will face bankruptcy and/or shutdown over next 12 months and cut his price target on ITT shares to $0 from $3. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/31/16
JPMS
08/31/16
DOWNGRADE
Target $4.5
JPMS
Neutral
SouFun assumed with a Neutral from Overweight at JPMorgan
JPMorgan analyst Alex Yao downgraded SouFun to Neutral after assuming coverage of the name. The analyst lowered his price target for the shares to $4.50 from $6.60. The company's margin recovery "might not be as smooth as many would expect" since its key initiative, secondary direct-sale agency business, has not achieved a leading position in first-tier cities, Yao tells investors in a research note.

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