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Fly News Breaks for November 10, 2015
BITA
Nov 10, 2015 | 07:29 EDT
CLSA downgraded Bitauto to Underperform from Outperform and lowered its price target to $29 from $36 on shares. Analyst Nathan Snyder said Bitauto's Q3 results were good but Q4 guidance implies slow revenue growth, weaker profitability, and cash burn that is getting worse.
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