Tech Trader Daily - Mar 02, 2010Shanda Interactive Entertainment Limited (SNDA)
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Adam Krejcik
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Roth Capital PartnersHer new target is $9, down from $11. Chen says the downgrade reflects disappointment with the Q1 outlook, uncertainty on when , or if revenue from the company's flagship Mir2 game will recover, and reduced estimates.
SNDA: Roth Capital analyst Adam Krejcik cut his rating to Hold from Buy "due to reduced expectations and limited earnings visibility at Shanda Games," which provides most of SNDA's revenues. SNDA also owns the majority of GAME's shares.
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Her new target is $9, down from $11. Chen says the downgrade reflects disappointment with the Q1 outlook, uncertainty on when , or if revenue from the company's flagship Mir2 game will recover, and reduced estimates.<span class="sent"> <span class="company">SNDA</span>: Roth Capital analyst <span class="analyst">Adam Krejcik</span> cut his rating to Hold from Buy "due to reduced expectations and limited earnings visibility at Shanda Games," which provides most of <span class="company">SNDA</span>'s revenues.</span> <span class="company">SNDA</span> also owns the majority of GAME's shares.
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