Morgan Stanley gives the grand game an overweight rating of 5.8 dollars
Source: Internet
Author: User
Beijing Time June 12 Evening News, Morgan Stanley released its investment report today, giving Shanda game (Weibo) "overweight" rating, the target share price from 6.2 U.S. dollars to 5.8 U.S. dollars. The following is a summary of the report: Shanda Game 2011 in the first quarter of the year's revenue growth of 11%, mainly thanks to a series of strong performance of the game. The new Game "RIFT" (space-time rift) has been positively evaluated in overseas markets, but we believe that success in the Chinese market also depends on implementation. Shanda Games expect revenue to fall 15% to 20% in the second quarter, mainly because new content will not be launched until the second half of the year. We gave the grand game an "overweight" rating, lowering the target share price from 6.2 US dollars to $5.8. (Li Ming)
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