58.com downgraded to Underweight from Equal Weight at Morgan Stanley As previously reported, Morgan Stanely downgraded 58.com to Underweight from Equal Weight. The firm expects 58.com's new large-scale marketing campaign to pressure margins near-term and recommends taking profits until there is improved visibility. Price target is $37.50.
On The Fly: Analyst Initiation Summary Today's noteworthy initiations include: 58.com (WUBA) initiated with a Neutral at Goldman... Auspex Pharmaceuticals (ASPX) initiated with a Buy at Ladenburg... Finjan Holdings (FNJN) initiated with a Buy at H.C. Wainwright... JD.com (JD) initiated with an Outperform at Macquarie... Korn/Ferry (KFY) initiated with a Neutral at Piper Jaffray... Manpower (MAN) initiated with an Overweight at Piper Jaffray... On Assignment (ASGN) initiated with an Overweight at Piper Jaffray... Robert Half (RHI) initiated with a Neutral at Piper Jaffray... Towers Watson (TW) initiated with an Overweight at Piper Jaffray.