Scalper1 News
Goldman Sachs initiated coverage of 58.com (WUBA) on Thursday with a neutral rating and price target of 33. The Beijing-based online marketplace, nicknamed the “Craigslist of China,” saw its stock fall on the news. Shares of 58.com were down a fraction near 38 in afternoon trading on the stock market today. 58.com went public in an IPO last October, pricing shares at 17 and peaking near 59 in early March. While its Q2 results beat expectations, Scalper1 News
Scalper1 News