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Fly News Breaks for June 1, 2015
FB, CMCM
Jun 1, 2015 | 08:11 EDT
JPMorgan raised its price target for Cheetah Mobile (CMCM) to $40 saying mobile monetization will ramp as the company deepens its cooperation with Facebook (FB) in the next few years. The firm keeps an Overweight rating on the stock.
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