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Fly News Breaks for October 4, 2017
VNET
Oct 4, 2017 | 08:03 EDT
As previously reported, Morgan Stanley analyst Yang Liu upgraded 21Vianet to Overweight from Equal Weight, citing a belief that the recent stake sale of the Managed Network Services businesses will accelerate its comparable revenue growth and improve its EBITDA margin. The analyst, who predicts 21Vianet's operating profit will turn positive in 2018, raised the firm's price target on the shares to $9.50 from $6.30.
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