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Fly News Breaks for December 7, 2018
MOMO
Dec 7, 2018 | 07:32 EDT
Nomura Instinet analyst Jialong Shi lowered his price target for Momo to $41 after the the midpoint of the company's Q4 revenue guidance came in 3% below current the consensus. The analyst attributes this to a soft live broadcasting business outlook but keeps a Buy rating on the shares.
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