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Fly News Breaks for February 18, 2020
ZTCOY
Feb 18, 2020 | 08:44 EDT
Goldman Sachs analyst Allen Chang downgraded ZTE Corp. to Neutral from Buy with an unchanged price target of Rmb 43 on the A-shares. ZTE's A-share price has increased by 48% since May of last year and he sees "limited valuation appeal" despite the fact that his constructive views on 5G and ZTE's position in the 5G cycle are unchanged, Chang tells investors.
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