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Fly News Breaks for September 22, 2016
CHU
Sep 22, 2016 | 09:10 EDT
Goldman analyst Donald Lu upgraded China Unicom to Conviction Buy with a $12.50 price target saying eranings risks should moderate. The analyst said China Unicom is catching up in 4G and sees has more upside due to lower 4G penetration of 28% in July and expects earnings recovery to accelerate in 2H 2016 given 4G operating leverage.
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