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Fly News Breaks for May 16, 2016
BITA
May 16, 2016 | 07:47 EDT
Brean Capital remains cautious on Bitauto following its Q1 results. The firm cited its extended slowdown in advertising services, longer path to margin normalization, and aggressive plans to monetize its transaction-based services. Brean Capital reiterated its Hold rating on Bitauto shares.
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