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Fly News Breaks for March 6, 2018
YY
Mar 6, 2018 | 11:49 EDT
Jefferies analyst Karen Chan noted that YY's Q4 results beat expectations, the company issued in-line guidance, and announced the submission of a confidential filing for a U.S. IPO of its Huya subsidiary. The analyst, who expects Huya to deliver continued strong growth along with improving margins, raised her price target on YY shares to $164 from $158 following the report and maintains a Buy rating on the stock.
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