[July 05, 2011] Deutsche Bank Upgraded SINA to Hold (SINA) Tweet Jul 05, 2011 (SmarTrend(R) News Watch via COMTEX) -- Deutsche Bank upgraded SINA (NASDAQ:SINA) to Hold from Sell and raised its price target for shares to $98 from $54 after increasing its valuation for the company's micro-blogging site Weibo. The firm expects SINA to monetize Weibo's growing user base over the next several years. Sina has a potential upside of 3.8% based on a current price of $115.03 and an average consensus analyst price target of $119.42. Sina is currently above its 50-day moving average (MA) of $109.49 and above its 200-day of $85.10. In the last five trading sessions, the 50-day MA has fallen 2.84% while the 200-day MA has risen 1.67%. SINA Corporation is a global Internet media company operating Chinese-language destination sites. The Company offers a network of branded content and services targeting people of Chinese descent worldwide. SINA.com offers online news, entertainment, community, and commerce through web sites that are produced and updated by local teams in China, Hong Kong, Taiwan, and North America. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]