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Fly News Breaks for November 16, 2018
WUBA
Nov 16, 2018 | 08:43 EDT
Benchmark analyst Fawne Jiang lowered her price target on 58.com to $85 from $96 to reflect her lowered estimates after the company's Q3 report and Q4 guidance. She remains positive on 58's solid execution, stating that the company is fortifying its market leading position in the job category while penetrating lower tier cities and increasing market/traffic gains in its housing platforms. Jiang keeps a Buy rating on 58.com shares.
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