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Fly News Breaks for May 31, 2017
LN
May 31, 2017 | 07:55 EDT
Nomura Instinet analyst Yoshitaka Nagao upgraded LINE Corp to Buy and raised 17/12 sales forecasts primarily on better advertising sales. The analyst sees upcoming catalysts from growth in impressions following the addition of a new tab, increased CPMs from the rise of video ads, and monetization of video services such as LINE LIVE.
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