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Fly News Breaks for May 28, 2019
WB
May 28, 2019 | 04:59 EDT
JPMorgan analyst Binbin Ding downgraded Weibo to Neutral from Overweight and lowered his price target for the shares to $45 from $68. The analyst sees a worsening advertising outlook in the near-term with "no clear visibility" into the second half of 2019 and 2020.