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Fly News Breaks for August 19, 2015
SINA
Aug 19, 2015 | 09:23 EDT
Piper Jaffray analyst Gene Munster lowered his price target for SINA Corporation to $55 following the company's Q2 results but keeps an Overweight rating on the name. Sina's portal business appears to be declining less than previously expected, Munster writes in a post-earnings research note. The core business isn't likely to show growth for several quarters, however, the analyst notes.
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