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Fly News Breaks for June 22, 2015
SFUN
Jun 22, 2015 | 08:52 EDT
Macquarie upgraded SouFun to Outperform and increased its price target to $12.50 from $7.25. The firm said SouFun is gaining market share in direct sales and is on tract to be the top line online real estate agency. Macquarie sees upside to commissions/take rates and sales efficiency improving.
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