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