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Fly News Breaks for January 29, 2019
TCEHY, YY
Jan 29, 2019 | 09:43 EDT
As previously reported, Nomura Instinet analyst Jialong Shi downgraded YY (YY) to Neutral from Buy as the company struggles to find a new driver for its slowing YY Live business, which is facing rising competition from Tencent-backed (TCEHY) Kuaishou and Kugou. Shi cut FY19 revenue and earnings estimates for YY by 3% and 5%, respectively, and lowered the price target on the stock to $74 from $75.
News For YY;TCEHY From the Last 2 Days
TCEHY
Apr 24, 2024 | 13:19 EDT
"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: This... To see the rest of the story go to thefly.com. See Story Here
