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Fly News Breaks for July 26, 2016
CYOU
Jul 26, 2016 | 06:20 EDT
Macquarie analyst Hillman Chan downgraded Changyou.com to Underperform saying both mobile and PC TLBB are under pressure. The analyst said the decline in mobile TLBB 3D extended into Q3 despite the launch of the latest expansion pack and upside from Legacy TLBB with Tencent is fairly reflected in valuation. The analyst maintained its $16 price target on Changyou shares.
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