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Fly News Breaks for March 8, 2018
WUBA
Mar 8, 2018 | 12:40 EDT
Credit Suisse analyst Thomas Chong noted that 58.com reported Q4 revenue and non-GAAP net income that were both ahead of the firm's and consensus estimates and that its Q1 revenue guidance was in-line with his view and consensus at the mid-point. He believes 58.com is demonstrating solid execution on its margin expansion and increased his price target on the shares to $90 following the quarterly report while keeping an Outperform rating on the stock.
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