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Sina (SINA) stock rose Monday after being upgraded by a pair of investment banks, with one saying the company’s investments should support a climb in its stock price. “When looking at Sina’s investment and asset portfolio, we see limited downside for the stock even when excluding contribution from Weibo,” wrote Pacific Crest analyst Cheng Cheng. Sina has filed to spin off its Twitter-like Weibo microblog in a U.S. initial public offering, among Scalper1 News
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