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Fly News Breaks for July 27, 2017
UMC
Jul 27, 2017 | 07:47 EDT
Bernstein analyst Mark Li downgraded UMC as he believes that the market is overly optimistic about the changes being made by its new management. He thinks it take a long time for the changes to significantly alter the company's return on equity. He adds that the company's Q3 guidance is "very disappointing." Target to $2.10 from $1.90.
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