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Fly News Breaks for July 15, 2019
YY
Jul 15, 2019 | 07:19 EDT
Nomura Instinet analyst Jialong Shi raised his price target for YY to $79 from $77 ahead of the company's Q2 results and keeps a Buy rating on the shares. The analyst forecasts YY's consolidated revenue in Q2 will grow 64% year-over-year and 1% above consensus on the back of the strong growth in Huya and a full quarter consolidation of Bigo.
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