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SFUN

Fang Holdings

$3.66

0.17 (4.87%)

07:46
06/20/17
06/20
07:46
06/20/17
07:46

Fang Holdings appoints Jingbo Wang as director of the Board

Fang has appointed Jingbo Wang, partner of IDG, as a director to its board of directors, and Mingqiang Bi, managing director of China International Capital Corporation, as an independent director and a member of the audit committee of the Board. Shan Li, Quan Zhou and Sol Trujillo have recently resigned from the Board due to personal reasons. Fang thanks these former directors for their efforts and contributions to the company.

SFUN Fang Holdings
$3.66

0.17 (4.87%)

05/25/17
05/25/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PayPal (PYPL) downgraded to Hold on valuation at Stifel with analyst Scott Devitt saying shares have reached his price target of $51 but said the company remains well positioned for long-term growth. 2. Etsy (ETSY) downgraded to Neutral from Buy at Citi with analyst Mark Kelley saying that while the stock has run on the company's review of alternatives, a takeover is not imminent. The stock could be worth $21-$22 if Etsy is acquired, but $7 if the company remains a stand-alone with little to no improvement in operational performance, Kelley tells investors in a research note. He tells investors to hold the stock if already involved and raised his price target for the shares to $14 from $13. 3. Fang Holdings (SFUN) downgraded to Neutral from Buy at UBS with the firm citing valuation and saying the eCommerce services and primary housing advertising still faces market risks and execution uncertainty. 4. Maximus (MMS) downgraded to Sector Weight from Overweight at KeyBanc with analyst Jason Gurda citing valuation and the current "pause" in federal procurement activity that could be longer and deeper than expected. 5. Hortonworks (HDP) downgraded to Neutral from Buy at Mizuho with analyst Abby Lamba citing the recent strength in shares and raised its price target to $14. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/25/17
UBSW
05/25/17
DOWNGRADE
UBSW
Neutral
Fang Holdings downgraded to Neutral from Buy at UBS
UBS downgraded Fang Holdings to Neutral and lowered its price target to $3.86 citing valuation and said the eCommerce services and primary housing advertising still faces market risks and execution uncertainty.
04/18/17
BNCH
04/18/17
INITIATION
BNCH
Hold
Fang Holdings initiated with a Hold at Benchmark
Benchmark analyst Fawne Jiang initiated Fang Holdings with a Hold rating.
02/24/17
MSCO
02/24/17
DOWNGRADE
MSCO
Equal Weight
Fang Holdings downgraded to Equal Weight at Morgan Stanley
As previously reported, Morgan Stanley downgraded Fang Holdings to Equal Weight from Overweight and lowered its price target to $3.40 from $6.50 . Analyst Grace Chen sees near-term uncertainties from property market and business model changes and said competition is intensifying.

TODAY'S FREE FLY STORIES

KMX

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HPE

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YUM

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MAR

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BA

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M

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TAHO

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ATKR

Atkore

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YOGA

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FTR

Frontier Communications

$11.69

-0.31 (-2.58%)

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PLYA

Playa Hotels & Resorts

$10.66

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ASND

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$27.74

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DNOW

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JOBS

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HES

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APC

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HCC

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MAA

MAA

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NOC

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GD

General Dynamics

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AAN

Aaron's

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