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Fly News Breaks for February 17, 2017
WUBA
Feb 17, 2017 | 06:18 EDT
Macquarie analyst Wendy Huang expects 58.com's Q4 revenue to have stayed flat quarter-over-quarter at $302M due to weak real estate, in line with consensus. The analyst expects the net loss to widen from breakeven in Q3 due to S&M expenses and lowered 58.com's price target to $43 from $57 to reflect slower topline growth. Shares remain Outperform rated.
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