By: Benzinga
UPDATE: Nomura Lowers PT on AsiaInfo-Linkage, Fundamentals Likely to Improve
In a report published Friday, Nomura reiterated its Neutral rating on AsiaInfo-Linkage (NASDAQ: ASIA ), but lowered its price target from $14.00 to $12.00. Nomura noted, “Fundamentals improving, but share price determined by privatization process. We see AsiaInfo-Linkage‟s fundamentals as likely to improve because of new IT investment by telecom
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