UPDATE: Oppenheimer Downgrades NQ Mobile as Controversy is Expected to Remain an Overhang
October 25, 2013 at 10:55 AM EDT
In a report published Friday, Oppenheimer analyst Andy Yeung downgraded the rating on NQ Mobile (NYSE: NQ ) from Outperform to Perform, and removed the $19.00 price target. In the report, Oppenheimer noted, “On Thursday, a report issued by a well-known short seller alleged serious irregularities at NQ. While many
