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Renren (RENN) +2.2% AH after receiving an upgrade to Hold from Deutsche, which cites valuation....

  • Monday, December 3, 2012, 6:17 PM ET
    Renren (RENN) +2.2% AH after receiving an upgrade to Hold from Deutsche, which cites valuation. The firm is encouraged by Renren's gaming revenue growth and user adds, and sees its operating loss declining to $44M in 2013 from $91M in 2012 as its investment pace slows down. Renren fell 6.4% in regular trading, making new post-IPO lows along the way.
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This news story has 2 comments:

  •  
    Interesting timing given the accounting news on Chinese stocks today.
    3 Dec 2012, 08:13 PM Reply Like
  •  
    Interesting timing given the drop today on the China accounting matter.
    3 Dec 2012, 08:13 PM Reply Like
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