ATHM: AutoHome Stock Up Sharply on Credit Suisse Coverage

by Christopher Freeburn | April 16, 2014 11:32 am

ATHM: AutoHome Stock Up Sharply on Credit Suisse Coverage

Shares of AutoHome (ATHM[1]) jumped more than 7% in Wednesday morning trading after a major investment bank initiated coverage of the stock[2].

NYSE traders trading floor watch 630 flickr 300x200 ATHM: AutoHome Stock Up Sharply on Credit Suisse Coverage[3]
Source: Flickr[4]

ATHM stock surged after Credit Suisse (CS[5]) began covering the stock. Credit Suisse has issued a “Neutral” rating for ATHM shares. Last month, Citigroup (C[6]) 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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Endnotes:
  1. ATHM: http://studio-5.financialcontent.com/investplace/quote?Symbol=ATHM
  2. after a major investment bank initiated coverage of the stock: http://tickerreport.com/banking-finance/188112/autohome-now-covered-by-analysts-at-credit-suisse-athm/
  3. [Image]: http://investorplace.com/wp-content/uploads/2011/07/NYSE_traders_trading_floor_watch_630_flickr.jpg
  4. Flickr: http://www.flickr.com/photos/25487665@N04/
  5. CS: http://studio-5.financialcontent.com/investplace/quote?Symbol=CS
  6. C: http://studio-5.financialcontent.com/investplace/quote?Symbol=C
  7. WWE Stock Needs a Buyout to Escape Its Sleeper Hold: http://investorplace.com/2014/04/wwe-stock/#.U01TzF5hOf0
  8. FB: 3 Reasons Battered Facebook Stock Is a Screaming Buy: http://investorplace.com/2014/04/facebook-stock-buy-fb/#.U01T9V5hOf0
  9. SLA Stock: More Bumps & Bruises Ahead?: http://investorplace.com/2014/04/tsla-stock-best-stocks/#.U01UVF5hOf0

Source URL: http://investorplace.com/2014/04/athm-autohome-stock-sharply-credit-suisse-coverage/
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