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Fly News Breaks for April 5, 2018
XRF
Apr 5, 2018 | 08:24 EDT
As previously reported, Morgan Stanley analyst Richard Xu downgraded China Rapid Finance to Equal Weight from Overweight after the company's customer acquisitions slowed in Q4 and it gave a weak near-term outlook. The analyst, who now expects a loss for 2018 versus his prior view for a $47M net profit, cut his price target on China Rapid Finance to $5.80 from $7.00.
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