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Fly News Breaks for November 9, 2016
NOAH
Nov 9, 2016 | 06:00 EDT
JPMorgan analyst Katherine Lei upgraded Noah Holdings to Overweight saying concerns are overdone following the stock's 11% pullback over the past two weeks. Sequoia's strategic investment in Gopher is a positive, as it is a vote of confidence from Sequoia in Noah and eases concerns about Sequoia's selling down its stake near-term, Lei tells investors in a research note. She raised her price target for Noah shares to $29 from $28.
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