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Fly News Breaks for August 20, 2015
DL
Aug 20, 2015 | 07:29 EDT
Brean Capital lowered its price target on China Distance Education to $14 from $23 following another quarter of slower enrollment growth and lower visibility over the near-term quarters. The company lowered its full year guidance and the firm is cautious given the lower growth profile. Brean Capital maintains its Buy rating on China Distance Education shares citing the recent pullback and the company's fundamental market leading position.
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