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Fly News Breaks for May 20, 2016
CMCM
May 20, 2016 | 07:29 EDT
As previously reported, Credit Suisse downgraded Cheetah Mobile to Underperform from Neutral and lowered its price target to $8.50 from $18. Analyst Evan Zhou downgraded shares citing meaningfully revised guidance, increased investment needed for new products, and lack of financial visibility.
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