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Fly News Breaks for March 6, 2019
WB, SINA
Mar 6, 2019 | 07:41 EDT
Benchmark analyst Fawne Jiang raised her price target on Sina (SINA) shares to $108 from $96 based on her sum-of-the-parts analysis. Though Sina reported "slightly soft" Q4 results, Jiang believes the stock is undervalued from an asset perspective when taking into consideration the company's major ownership in Weibo (WB) and investments in multiple other valuable assets, she tells investors. Jiang keeps a Buy rating on Sina shares.
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