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Fly News Breaks for July 6, 2015
WUBA
Jul 6, 2015 | 05:29 EDT
Summit Research analyst Henry Guo upgraded 58.com to Buy with a $75 price target. Shares of the China-based online marketplace closed Thursday down $1.08 to $62.60. Guo believes the recent weakness in the stock creates a buying opportunity and that 58.com's recent strategic investments to Ganji and acquisitions of Anjuke and China HR "significantly strengthen" its dominance in the China online classified market.
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