, Tracking Stock Market Picks
Enter Symbol:
Rating: BITA
Outperform $62
down 37.00 %

Bitauto Hldg Ltd (ADR) (NYSE: BITA) reiterated to Outperform with price target $62 by Oppenheimer

Wednesday,  Mar 11, 2015  8:25 AM ET by Betsy O'Brien Harrison

Oppenheimer reiterated Bitauto Hldg Ltd (ADR) (NYSE: BITA) to Outperform with price target $62. Previously Oppenheimer reiterated Bitauto Hldg Ltd (ADR) (NYSE: BITA) to Outperform with
price target $95 on 01/12/2015, when the stock price was $84.55. Since then, Bitauto Hldg Ltd (ADR)'s stock price has lost 37% as of 03/11/2015's recent price of $53.25.
If you would have followed the previous Oppenheimer's recommendation on BITA, you would have lost 37% of your investment in 58 days.

Bitauto Holdings Limited (Bitauto) is a holding company. The Company is a provider of Internet content and marketing services for People?s Republic of China?s automotive industry. Its and Websites provide consumers with up-to-date new and used automobile pricing information, specifications, reviews and consumer feedback. Through its vertical plus portal model, the Company also distribute its dealer customers? automobile pricing and promotional information through 67 partner Websites, including major portals operated by Tencent, Sina, Netease, Yahoo China and Tom Online. It has three segments: business, business and digital marketing solutions business. The Company conducts all of its business through its operating subsidiary, Beijing Bitauto Internet Information Company Limited (BBII) and its consolidated special purpose entities (SPEs) in People?s Republic of China.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.

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