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Fly News Breaks for August 21, 2015
WUBA
Aug 21, 2015 | 08:21 EDT
Pacific Crest believes that 58.com has strong business momentum, while the margins of its core business are rising. The firm notes that the stock price has fallen about 50%. Pacific Crest cut its price target on the name to $65 from $91 and keeps an Overweight rating on the shares.
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