Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Chinese online-gaming specialist Shanda Games
So what: Along with the upgrade, Deutsche Bank offered a price target of $6.41 on the shares, representing about 30% worth of upside to its Wednesday close. Shanda has been beaten down on worries that it just doesn't have enough brand power in the pipeline, but with legacy games Mir 2 and Woool continuing to deliver strong results, Deutsche believes those concerns are way overblown.
Now what: Shanda might be worth keeping an eye on. Shanda's fight to regain the market share it lost to Tencent Holdings and NetEase
Interested in more info on Shanda? Add it to your watchlist.