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Fly News Breaks for August 9, 2016
SINA
Aug 9, 2016 | 07:30 EDT
Brean Capital raised its price target on SINA to $65 from $55 following strong Q2 results. The firm cited its raised revenue guidance, strong monetization momentum, and its favorable position to ride on the new trends of China's online advertising market in mobile, social and video. Brean Capital reiterated its Buy rating on SINA shares.
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