58.com (WUBA) Tops Q1 EPS by 30c; Offers Strong Q2 Outlook
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UPDATE: Brean Capital Starts 58.com Inc (WUBA) at Buy
June 3, 2016 6:45 AM EDT(Updated - June 3, 2016 11:31 AM EDT)
Brean Capital initiated coverage on 58.com Inc (NYSE: WUBA) with a Buy rating and a price target of $65. Analyst Fawne Jiang sees opportunity given strong growth and future operating leverage.
"We believe WUBA offers attractive investment... More
Pre-open market-options summary
June 2, 2016 6:51 AM EDTGlobex S&P futures are recently down 2.50 from previous days SPX. Nikkei 225 down 2.32%, Hang Seng up 0.41%, DAX up 0.24%. WTI Crude oil is recently at $49.11, natural gas up 0.21%, gold at $1218 an ounce, copper down 0.02%.
Stocks and options expected to be active: ORCL BOX CIEN DCI JOY CONN WUBA
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