Investors SELL Sina and Groupon and 3 More Analyst Insights
Sina Corp. (NASDAQ:SINA): Citing the impact of China’s slowdown on their online ad sales and a weak initial response to Weibo’s new paid premium memberships, Maxim reiterated its sell rating and lowered it’s price target on shares from $45 to $44.
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ClickSoftware Technologies Ltd. (NASDAQ:CKSW): Roth Capital expects ClickSoftware Technologies Ltd. to rebound in larger deals with a $13 target and buy rating on the stocks. This comes after their stock dropped by almost 40% in early April.
American International Group, Inc. (NYSE:AIG): Bernstein reported that in this quarter, AIG has raised an additional $5 to $6B cash and they plan to buy back shares from the Treasury. The firm expects a coordinated offering and buy back to be announced following AIG’s Q2 report. Shares are outperform rated.
Constellation Brands Inc. (NYSE:STZ): Following its announcement to acquire the remaining interest in Crown Holdings, Constellation Brands Inc., believes that full ownership is worth $8-$9 per share. This should lead to further growth in the wine/spirits business. Shares are buy rated.
Groupon Inc (NASDAQ:GRPN): Susquehanna stated that rising transactional marketing costs and higher take rates caused them to lower their target price on Groupon. Shares are neutral rated.
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