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Fly News Breaks for May 22, 2015
JMEI
May 22, 2015 | 10:14 EDT
Piper Jaffray raised its price target for Jumei to $25 saying the company's "strong" Q1 indicates the story is intact. The firm, however, believes shares fully reflect the strength seen in the quarter and outlook. It keeps a Neutral rating on the name.
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