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Fly News Breaks for March 1, 2017
WB
Mar 1, 2017 | 05:57 EDT
Jefferies analyst Karen Chan views the recent pullback in shares of Weibo as overdone. She recommends accumulating the stock on weakness. The analyst says she's increasingly confident of Weibo's monetization potential amid signs of improving user engagement. Chan raised her price target for the shares to $67 from $60 and reiterates a Buy rating on Weibo.
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