ATHM: AutoHome Stock Up Sharply on Credit Suisse Coverage

Other investment analysts have issued similar ratings

   

ATHM: AutoHome Stock Up Sharply on Credit Suisse Coverage

Shares of AutoHome (ATHM) jumped more than 7% in Wednesday morning trading after a major investment bank initiated coverage of the stock.

NYSE traders trading floor watch 630 flickr 300x200 ATHM: AutoHome Stock Up Sharply on Credit Suisse Coverage
Source: Flickr

ATHM stock surged after Credit Suisse (CS) began covering the stock. Credit Suisse has issued a “Neutral” rating for ATHM shares. Last month, Citigroup (C) and Zacks started covering ATHM stock, Ticker Report notes.

ChinaFlag 200x200 ATHM: AutoHome Stock Up Sharply on Credit Suisse Coverage
King, Tencent Deal Will Bring Candy Crush to China

Citgroup analyst have placed a “Neutral” rating on ATHM stock, while Zacks issued a “Hold” rating for ATHM shares.

China-based AutoHome provides automobile-related content to Chinese car buyers.

More Stocks on the Move:


Article printed from InvestorPlace Media, http://investorplace.com/2014/04/athm-autohome-stock-sharply-credit-suisse-coverage/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.