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Fly News Breaks for May 14, 2019
JMIA
May 14, 2019 | 08:13 EDT
As previously reported, Raymond James upgraded Jumia Technologies to Outperform from Market Perform and established a $36 price target following the strong Q1 report. Analyst Aaron Kessler believes the recent share declines provides a buying opportunity and expects strong GMV growth and margin improvement to continue. The analyst views Jumia as a leading pan-African eCommerce marketplace, expects robust growth to continue, and sees significant potential core strength in payments and other services.
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