InvestorsHub Logo
Followers 4
Posts 325
Boards Moderated 0
Alias Born 08/05/2014

Re: axmaster post# 5

Sunday, 09/14/2014 3:35:59 PM

Sunday, September 14, 2014 3:35:59 PM

Post# of 48
Concur w/your sentiment...

>>NEW YORK (TheStreet) -- Shares of VNET surged 28.61% to $19.96 on Friday to recover its major losses from earlier in the week after Morgan Stanley defended the company's core business despite fraud allegations.

The firm reiterated its "overweight" rating with a $35 price target on Thursday after the company held a conference call to respond to the claims. Morgan Stanley said 21Vianet's core business is still intact and values it at $1 billion, or $15 per ADS. The firm also sees upside as management clarifies some disputed items.<<
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent VNET News