UPDATE: Deutsche Bank Initiates Youku Tudou at Buy on Mobile-Driven Margin Improvement
Posted on January 28, 2013 at 08:57 AM EST
Deutsche Bank initiated Youku Tudou (NYSE: YOKU ) with a Buy rating and a $29.56 price target. Deutsche Bank noted, "We expect pricing disparity between online video and offline TV stations, along with multiple other drivers, will drive top-line to grow 50% CAGR from 2012-2015 with consistent margin improvement. Given