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Fly News Breaks for March 28, 2018
SOHU, CYOU
Mar 28, 2018 | 09:13 EDT
Morgan Stanley analyst Alex Poon initiated Changyou.com (CYOU) with an Underweight rating and $28 price target, stating that he expects Changyou's revenue to decline by over 10% and its net profit to fall over 40% in 2018. Poon noted that Changyou.com is 68% held by Sohu (SOHU).
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