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Fly News Breaks for August 4, 2017
JOBS
Aug 4, 2017 | 09:31 EDT
Macquarie analyst Wendy Huang upgraded 51job to Outperform and increased its price target to $60 from $38 following the Q2 beat and strong Q3 guidance. Huang expects revenue growth to accelerate now that the impact of the VAT tax policy change is behind it, the reorganization of the sales team is yielding results, and the addition of the VAS product.
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