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Fly News Breaks for June 17, 2019
Jun 17, 2019 | 05:28 EDT
Nomura Instinet analyst Carson Lo lowers his price target for Cheetah Mobile to $3.60 from $7 following the company's "big" miss on Q1 margin and Q2 revenue guidance. The impact from negative publicity and macro uncertainties remain, Lo tells investors n a research note. He keeps a Neutral rating on Cheetah Mobile shares.
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