UPDATE: J.P. Morgan Initiates Coverage on Phoenix New Media on Market Leader Position
August 30, 2013 at 09:10 AM EDT
In a report published Friday, J.P. Morgan analyst Alex Yao initiated coverage on Phoenix New Media Ltd. (NYSE: FENG ) with an Overweight rating and $11.00 price target. In the report, J.P. Morgan noted, “We initiate coverage on Phoenix New Media (PNM) with an Overweight rating and a Jun-14 PT
