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Fly News Breaks for August 5, 2019
IQ
Aug 5, 2019 | 07:52 EDT
Jefferies analyst Thomas Chong assumed coverage of iQIYI with a Buy rating and $21.80 price target. The analyst remains positive about iQIYI long term on its "strength" in original content, despite macro uncertainties and more stringent regulations. He expects the company's membership revenue to remain resilient.
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