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Fly News Breaks for September 16, 2019
DOYU
Sep 16, 2019 | 06:14 EDT
HSBC analyst Binnie Wong started DouYu with a Hold rating and $11 price target. The company's exclusive relationship with top streamers offers quality content, but also creates concentration risk, Wong tells investors in a research note. The analyst also sees low visibility into the company's earnings growth, pointing out it could return to losses in the second half of 2019.
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