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Fly News Breaks for February 14, 2018
WB, SINA
Feb 14, 2018 | 08:21 EDT
Benchmark analyst Fawne Jiang expects Sina (SINA) to remain a key beneficiary of Weibo's (WB) growth, despite near-term margin pressure from a step up in investments for both Weibo and the Sina news app. Following the company's "solid" Q4 results and "upbeat" 2018 revenue guidance, Jiang raised her price target on Sina shares to $174 from $157 and keeps a Buy rating on the name.
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