Sina (SINA) +2.2% after receiving upgrades from Oppenheimer and CLSA. The former thinks...

|About: Sina Corporation (SINA)|By:, SA News Editor

Sina (SINA) +2.2% after receiving upgrades from Oppenheimer and CLSA. The former thinks "near-term headwinds" related to a slowing Chinese economy and Sina's huge Weibo investments have been baked in, and thinks re-accelerating revenue growth, margin improvement, and the start of Weibo monetization will act as positive catalysts. The latter says checks indicate Weibo ads are performing well in spite of a weak Chinese ad market.