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Fly News Breaks for August 22, 2017
TEDU
Aug 22, 2017 | 06:59 EDT
Nomura Instinet analyst Andrew Orchard downgraded Tarena to Neutral and lowered its price target to $19.50 from $20.50 following weak Q3 revenue and margin guidance. The analyst expects margin softness to persist due to slower revenue recognition, higher R&D, and sustained investments and said underlying demand for certain classes may be weak as well.
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