SouFun gains following Morgan Stanley upgrade

|By:, SA News Editor

Morgan Stanley has upgraded SouFun (SFUN +4.2%) to Overweight, and set a $7 target.

The Chinese online real estate services firm is at its highest levels since January - an overnight rally in Chinese equities (Shanghai closed up 2.2%) might be helping out. Shares have gradually moved higher since mixed Q4 results were posted in late February.

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