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Fly News Breaks for July 11, 2017
CHU
Jul 11, 2017 | 07:51 EDT
Bernstein analyst Chris Lane says that the 10% drop in China Unicom's stock was "largely precipitated" by Morgan Stanley's downgrade of the shares. Lane says that the stock's outlook is "still good" and has improved since the stock's downturn. He notes that the company's 212C plan is enabling it to attract over 500K new customers per month at a low cost. Lane recommends buying the stock on weakness.
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