Sina Considers Investment and 3 Stock Analyses Make Waves
Sina Corp. (NASDAQ:SINA): Following media speculation that Alibaba Group could purchase a 15%-20% stake in Sina Corp.’s Weibo microblog, Stifel Nicolaus believes that Sina will think about accepting such an investment in order to obtain a strategic collaboration with Alibaba. The firm believes that an investment by Alibaba would increase Sina’s stock and Stifel maintains a Buy rating on their shares.
Coca-Cola Enterprises Inc. (NYSE:CCE): After Coca-Cola Enterprises Inc. reported higher than expected third quarter earnings per share, Argus believes that the company will gain market shares going forward and this will allow them to improve their revenues. The firm maintains a $36 price target and Buy rating on their shares.
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Penn National Gaming Inc. (NASDAQ:PENN): Susquehanna raised their price target on Penn National Gaming Inc. to reflect their pro forma corporate structure of dividing the company into two entities. Following their private letter ruling form the Internal Revenue Service, The firm believes the probability of approval is high. Shares are Positive rated.
CIGNA Corporation (NYSE:CI): After attending the company’s Investor Day, as the firm believes that their fundamentals are improving, BMO Capital increased their target on Cigna Corporation. The firm maintains an Outperform rating on their shares.
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