Morgan Stanley analysts reiterated the "overweight" rating on Hanting Equity

Source: Internet
Author: User
Keywords Cheetah China concept stocks Hanting
Tags analysts close closed different higher index officials stocks

Netease Technology News July 12 news, US stocks closed higher on Friday, the main index rebounded in the afternoon, but the week still fell. Two Fed officials made different opinions on raising interest rates.

At the close, the Dow Jones Industrial Average at 16,943.81 points, up 28.74 points, or 0.17%. The S & P 500 index was 1,967.51 points, up 2.83 points, or 0.14%. The Nasdaq Composite Index at 4,415.49 points, up 19.29 points, or 0.44%.

China stocks rose mixed on Friday. Three stocks rose more than 3%, of which two stocks rose above 5%. Easy car network (NYSE: BITA) rose 5.43%, Cheetah Mobile (NYSE: CMCM) rose 8.02%. Two stocks fell over 3%. Thunder (NASDAQ: XNET) fell 3.02%, CTS Media (NASDAQ: VISN) fell 4.42%.

Morgan Stanley analysts reiterated Friday the "overweight" rating on Hanting (NASDAQ: HTHT) but removed the target price of $ 29.40. Morgan Stanley pointed out in the report that Hutchison same-store sales per available flat remained flat year on year, down 1.3% MoM. Revenue from economy-oriented houses dropped 1%, but revenue from mid-end houses surged 11%. Under the influence of leisure demand, May became the best month in the quarter. April same-store sales per available room are negative growth, but in June the performance of slightly better. Han Ting shares closed at 24.50 U.S. dollars today, down 0.07 U.S. dollars, down 0.28%. (Pooh)

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