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Fly News Breaks for November 13, 2019
JMIA
Nov 13, 2019 | 07:00 EDT
RBC Capital analyst Mark Mahaney lowered his price target on Jumia Technologies to $22 after its lower Q3 results, with a miss in gross merchandise volume, gross profit and EBITDA. The analyst still keeps his Outperform rating on the stock with positives including better than expected active customer and order growth along with Jumia Pay Adoption, noting his positive thesis on the stock longer term is "largely unchanged".
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