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Fly News Breaks for December 7, 2018
MOMO
Dec 7, 2018 | 09:00 EDT
As previously reported, Morgan Stanley analyst Alex Poon downgraded Momo Inc. to Equal Weight from Overweight to reflect the impact of slowing growth at its top customers and threats to its live streaming business. Poon slashed his price target on Momo shares to $30 from $61.
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