JPMorgan assumes, Chinese internet stocks move

JPMorgan assumes a slate of Chinese internet stocks: Bitauto Holdings (NYSE:) at Overweight with a $38 target, Phoenix New Media (NYSE:) at Overweight and $10; Sina (NASDAQ:) at Overweight and $150, Weibo (NASDAQ:) at Overweight and $118, Autohome (NYSE:) at Neutral and $80, and Fang Holdings (NYSE:) at Neutral and $3.60.

Firm upgrades Leju Holdings (NYSE:) from Neutral to Underweight and increases the target rom $1.60 to $3.60. 

Premarket price movements: BITA -1.3% to $22.25,  FENG +2.4% to $4.78, SINA +0.3% to $72.30, WB +0.3% to $80.30, SFUN -0.3% to $3, and LEJU +3.1% to $2.01. 

Source: StreetAccount.  

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