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Fly News Breaks for May 17, 2017
WB
May 17, 2017 | 05:48 EDT
Citi analyst Alicia Yap raised her price target for Weibo shares to $92 following the company's Q1 results. Weibo is benefiting from the ad budget shift to social platforms as well as improving user engagement, Yap tells investors in a post-earnings research note. She keeps a Buy rating on the shares.