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Fly News Breaks for February 20, 2020
CHU
Feb 20, 2020 | 04:42 EDT
Nomura Instinet downgraded China Unicom to Neutral from Buy with a price target of HK$7.40, down from HK$9.90. The company lost market share last year as its low-pricing strategy failed to deliver sustainable growth, Nomura says in a research note. The firm believes China Unicom needs new drivers of growth.
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