UPDATE: Wedbush Lowers PT on AsiaInfo-Linkage from $12 to $10

Wedbuh maintained a Neutral rating on AsiaInfo-Linkage ASIA and lowered its price target from $12 to $10. Wedbush noted, “While potential private equity offers could provide some support for shares, given generally weak results and guidance, we are maintaining our NEUTRAL stance. AsiaInfo continues to see traction for its Business & Operations Support Systems (BOSS) with China's three leading operators and is seeing emerging traction in cable and international expansion. However, growth is China appears to be slowing, and wage inflation is pressuring margins.” AsiaInfo-Linkage closed at $10.41 on Monday.