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Fly News Breaks for February 12, 2018
SMI
Feb 12, 2018 | 04:58 EDT
Citi analyst Roland Shu downgraded SMIC to Sell with a reduced price target of HK$7.80. The analyst sees a likely operating loss in 2018 as the company deals with higher pricing pressure, intensifying competition, unfavorable product mix and lower utilization.
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