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Fly News Breaks for April 19, 2018
LN
Apr 19, 2018 | 05:20 EDT
Jefferies analyst Atul Goyal downgraded Line Corp. to Underperform and lowered his price target for the shares to 3,400 yen from 4,990 yen. Consensus estimates have a lot of downside, driven by the company's need to continuously increase spending on new products and businesses, Goyal tells investors in a research note. The analyst views the stock's risk/reward as unfavorable at current levels.
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