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Fly News Breaks for August 14, 2015
YY
Aug 14, 2015 | 06:13 EDT
Piper Jaffray analyst Gene Munster views YY's commentary last night as a "general positive" given the uncertain environment in China. The company beat consensus revenue expectations by 5% but suggested its gaming segment is likely to see some headwinds in the near-term, Munster tells investors in a post-earnings research note. Aside from some competition in gaming, management came across as upbeat, Munster believes. He reiterates an Overweight rating on YY with an $88 price target.
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