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Fly News Breaks for March 27, 2019
WUBA
Mar 27, 2019 | 07:19 EDT
Deutsche Bank analyst Eileen Deng started 58.com with a Hold rating and $67 price target. The analyst expects 58.com's dominant position in online "blue-collar recruitment to serve as a clear driver of revenue growth." However, she sees bigger near-term uncertainties from the impact of macro headwinds on the job market, a slow property market, and rising competition from vertical players.
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