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Fly News Breaks for January 15, 2019
UXIN
Jan 15, 2019 | 09:39 EDT
In a research note titled "A great start in 2019; Reiterate 100% upside," JPMorgan analyst Nick Lai says Uxin yesterday reported "very strong" December year-over-year transaction growth of 44%. Contrary to a "miserable new car market" in China, the used car market has performed well, up 13% last year and is expected to continue its double-digit growth rate in 2019 and 2020, Lai tells investors in a research note. He calls Uxin a leader in China's e-commerce used car market. The analyst still sees 100% upside potential in Uxin shares and keeps an Overweight rating on the name with a $7 price target.
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