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Fly News Breaks for September 14, 2015
CMCM
Sep 14, 2015 | 05:54 EDT
Summit Research analyst Henry Guo views the recent pullback in shares of Cheetah Mobile as a buying opportunity. With more than half of its revenue from overseas, Cheetah's exposure to macro weakness in China is lower than its domestic internet peers, Guo tells investors in a research note. He lowered his price target for shares to $30 from $38 and keeps a Buy rating on the name.
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