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Fly News Breaks for August 5, 2019
Aug 5, 2019 | 07:57 EDT
Jefferies analyst Thomas Chong assumed coverage of Momo with a Buy rating and $40.40 price target. The analyst believes Momo's live streaming revenue growth will remain resilient in 2019 despite content rectification in Q2. He sees "huge potential" for Tantan in China and overseas markets as its social and dating app is still in an early stage of development.
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