Analyst Alerts: Sina, Groupon, Boston Scientific April 2nd
Sina Corp. (NASDAQ:SINA): Piper Jaffray views Sina and Tencent disabling the commenting feature of their Weibo platforms amid political speculation as a negative headline for Sina, but does not view the temporary shut down as a signal of something potentially worse to come. Piper adds that users are still able to comment by posting new messages that reference the messages of other users.
Groupon Inc (NASDAQ:GRPN): William Blair does not expect Groupon to have another accounting reserve restatement and thinks the company’s business will quickly move beyond the non-cash restatement announced late Friday. The firm believes Groupon has improved its reserve forecasting techniques and keeps an Outperform rating on the stock.
Boston Scientific Corporation (NYSE:BSX): Credit Suisse’s S-ICD survey indicates a better than expected opportunity for Boston Scientific recently acquired Cameron Heart S-ICD. Respondents indicated a higher than expected ICD volumes which would add 2-3% more to 2015 Boston Scientific sales. Shares are Outperform rated with a $7 price target.
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