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Fly News Breaks for February 21, 2020
OCFT
Feb 21, 2020 | 05:12 EDT
Goldman Sachs analyst Bill Liu downgraded OneConnect Financial to Neutral from Buy with a reduced price target of $13.30. The company's Q4 results came in below expectations on average revenue per user drag from rapid premium customer acquisition and its continuous strategy of phasing out certain products, Liu tells investors in a research note. The analyst now sees limited upside from current share levels.
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