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Fly News Breaks for February 20, 2020
ATHM
Feb 20, 2020 | 06:19 EDT
CLSA analyst Elinor Leung lowered the firm's price target on Autohome to $90 from $92 and reiterates an Outperform rating on the shares. Autohome's Q4 results beat but its Q1 guidance is "weak," Leung tells investors in a post-earnings research note. However, the company's new initiatives and data products and favorable policies may drive revenue growth and margin expansion post the coronavirus outbreak, says the analyst.