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Fly News Breaks for March 20, 2015
YOKU
Mar 20, 2015 | 09:29 EDT
As previously reported, Deutsche Bank downgraded Youku Tudou to Sell from Hold. The firm said Youku is losing its first mover advantage and breakeven is wishful thinking. Deutsche Bank believes Youku may be forced to have another year of hefty investment in both bandwidth and content due to the predatory nature of competition and the market maybe underestimating the magnitude of investments. Price target is $10.90.
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