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Fly News Breaks for October 14, 2015
CMCM
Oct 14, 2015 | 05:26 EDT
Summit Research analyst Henry Guo lowered his price target for Cheetah Mobile to $22 saying advertising budget's "rapid migration" from desktop to mobile is likely to drive material top-line growth deceleration over the next several quarters. The analyst keeps a Buy rating on the name.
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