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Fly News Breaks for May 13, 2019
May 13, 2019 | 08:18 EDT
As previously reported, Citi analyst Alicia Yap downgraded 51job to Neutral from Buy, as she believes weakening operating metrics, such as a faster rate of decline for active employer count and slower rate of growth of ARPU, may be signals of challenges for online recruitment revenue growth. The company reported mixed Q1 results and guided Q2 revenue growth below her and consensus estimates, noted Yap, who thinks headwinds will remains for 2019. She lowered her price target on 51job shares to $76 from $84.
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