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Fly News Breaks for May 31, 2018
MOMO
May 31, 2018 | 08:16 EDT
As reported previously, UBS analyst Jerry Liu upgraded Momo to Buy from Neutral. The analyst said he is now more positive on the Live Video growth trajectory despite concerns about competition and slowdown in the showroom market. He does not believe the stock is pricing in live video growth and sees further room to grow as use cases broaden and monetization increases. Liu raised his price target to $60 from $41 on Momo shares.
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