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Fly News Breaks for August 27, 2019
BILI
Aug 27, 2019 | 06:33 EDT
Citi analyst Hillman Chan lowered his price target for Bilibili to $20 from $23 following the company's Q2 results while keeping a Buy rating on the shares. The analyst says that while accelerated monthly active user growth is the bright spot, he's still debating the wider loss and "uncertain" payback. He's "mindful" of near-term weakness for delayed licenses but remains positive on Bilibili longer term given its "rich" game pipeline.
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