Scalper1 News
A Sina (SINA) analyst dropped his price target after both the portal and its spinoff microblogging site Weibo gave light Q2 revenue outlooks. Weibo (WB) was down 9% in morning trading in the stock market today while Sina was down 7%, at a 17-month low. Both companies reported late Wednesday. Pacific Crest analyst Cheng Cheng, who rates Sina stock as outperform, or buy, on Thursday dropped his price target to 75 from 88. The stock was trading near Scalper1 News
Scalper1 News