Piper Jaffray Downgrades Sina

Analyst Safa Rashtchy says the Chinese online media company is experiencing growing pains of an industry that's facing rising competition and high-growth prospects

Piper Jaffray downgrades Sina (SINA ) to market perform from outperform. The company posted 30 cents fourth-quarter GAAP earnings per share and sees $11 million to $13 million in first-quarter net income.

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