By: Benzinga
Citi Cuts Target on Sina to $35, Sees Pressure from Weibo Investments, Tencent
Citigroup issued a scathing note on Sina (NASDAQ: SINA ) Wednesday morning following the company's better-than-expected Q4 results and inline Q1 guidance. Shares of Sina are up more than 8.5 percent amid the results. Citigroup's Ravi Sarathy reduced his price target on shares of Sina from $45 to $35 and
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