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Fly News Breaks for August 26, 2016
SFUN
Aug 26, 2016 | 06:41 EDT
CLSA analyst Man Ho Lam downgraded SouFun to Sell and lowered its price target to $4.50 from $6. The analyst said SouFun reported better than expected Q2 results but believes secondary brokerage momentum has stalled with GMV and volume down sequentially, and could continue into 2H 2016.
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