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Fly News Breaks for November 22, 2017
TEDU
Nov 22, 2017 | 05:10 EDT
Jefferies analyst Johnny Kin Man Wong downgraded Tarena International to Hold and cut his price target for the shares to $14.75 from $21.50. The company's "aggressive" learning center rollout will be a drag on margins and "should cause some short term pain," Wong tells investors in a research note. The analyst, however, is positive on Tarena expanding into the K12 business.
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