UPDATE: Deutsche Bank Raises PT on SouFun Holdings on Good 1Q Operations

In a report published Wednesday, Deutsche Bank analyst Alex Yao reiterated a Buy rating on SouFun Holdings (NYSE: SFUN ), and slightly raised the price target from $30.00 to $31.00. In the report, Yao noted, “Our recent discussion with management suggests SouFun's 1Q operation is progressing well. We attribute management's