Information Provided By:
Fly News Breaks for August 20, 2015
JMEI
Aug 20, 2015 | 12:13 EDT
Piper Jaffray analyst Gene Munster lowered his price target for Jumei International to $15 after the company guided revenue below expectations due to RMB devaluation. Taking out the devaluation, the guidance would have been essentially in line with the Street, Munster tells investors in a post-earnings research note. He says if not for broader concerns relating to China, he would view today's stock selloff as a buying opportunity. Munster keeps a Neutral rating on Jumei.
News For JMEI From the Last 2 Days
There are no results for your query JMEI