UPDATE: Bank of America Raises Jiayuan PO After Strong Q4, Increased Online Revenue
February 28, 2013 at 09:05 AM EST
In a report published Thursday, Bank of America maintained its Underperform rating on Chinese dating giant Jiayuan (NASDAQ: DATE ) and increased its price objective from $4.80 to $5.00. Bank of America noted, "Although there is mobile disruption for the Internet world, we are encouraged to see that the co