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Fly News Breaks for February 26, 2020
JMIA
Feb 26, 2020 | 07:45 EDT
RBC Capital analyst Mark Mahaney lowered his price target on Jumia Technologies to $13 after its lower Q4 results with worse than expected gross merchandise volume, gross profits, and EBITDA. The analyst keeps his Outperform rating on the stock, noting that profitability including fulfillment was still a record high while the company's net customer adds were also strong.
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