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Fly News Breaks for March 20, 2015
YOKU
Mar 20, 2015 | 07:25 EDT
Brean Capital lowered its price target on Youku Tudou to $20 from $24 following mixed Q4 results. The firm lowered its price target based on increasing costs due to investment, but expects top-line results to accelerate in 2015 driven by both brand ad and consumer businesses. Brean Capital reiterated its Buy rating on Youku Tudou shares.
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