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Fly News Breaks for December 14, 2016
ATHM
Dec 14, 2016 | 07:19 EDT
Deutsche Bank analyst Alvin Jiang upgraded Autohome to Buy saying the company's net profit growth likely to accelerate given its new "disciplined" spending plan and asset-light model. Autohome's new ecommerce model means less margin drag and better traffic monetization, Jiang tells investors in a research note. He raised his price target for the shares to $35 from $27
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