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Stock Market & Financial Investment News

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February 20, 2013
07:04 EDTSINASINA Q1 guidance positive, says Piper Jaffray
After SINA provided in-line Q1 revenue guidance, Piper Jaffray believes that the momentum of the company's Weibo microblog is continuing while the Chinese Internet ad environment appears to be improving. The firm thinks that SINA's ad revenue guidance likely beat Street expectations, and it maintains a $65 price target and Overweight rating on the shares.
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