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NQ Mobile Inc. Message Board

  • hiep_h_vo hiep_h_vo Oct 28, 2013 8:05 AM Flag

    $26 target "rare opportunity"

    NQ Mobile weakness a 'rare opportunity' for investors, says Macquarie
    Macquarie believes NQ Mobile weakness due to the negative Muddy Waters accusations is a "rare opportunity" for investors to purchase shares. The firm's research indicates classifying term deposits as Level 2 asset is common practice in order to meet U.S. GAAP guidelines. The firm notes that Baidu and Sina have substantial parts of their cash classified as Level 2 assets and believes it has no bearing on NQ Mobile's operations. Shares are Buy rated with a $26 price target.

3.595-0.095(-2.57%)3:50 PMEDT