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Fly News Breaks for July 9, 2015
CYOU
Jul 9, 2015 | 05:37 EDT
Summit Research analyst Henry Guo lowered his price target for Changyou.com to $28 from $34 but keeps a Buy rating on the name. Guo believes uncertainty in mobile games coupled with maturing legacy PC client games should lower the company's sales visibility for the second half of the year. The analyst, however, still thinks Changyou.com will benefit from growth in the China mobile game market over the next several years.
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