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Fly News Breaks for November 22, 2016
WB, SINA
Nov 22, 2016 | 07:14 EDT
Brean Capital analyst Fawne Jiang said SINA (SINA) reported strong Q3 results driven by robust growth from Weibo (WB) on the back of continued user growth and accelerated monetization. Jiang believes SINA shares are undervalued as she expects to see continued growth, improved margins, and cost controls. Jiang reiterated her Buy rating and $100 price target on SINA shares.
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