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Fly News Breaks for November 30, 2015
CYOU
Nov 30, 2015 | 08:08 EDT
Goldman analyst Piyush Mubayi downgraded Changyou.com (CYOU) to Sell and lowered his price target to $19 from $21 on shares. Mubayi said Cahngyou's key mobile titles continue to decline and there are no signs of a recovery in sight. Additionally, the company said new mobile launches did not meet expectations and the analyst expects weakness to continue in the near-term.
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