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Fly News Breaks for November 21, 2018
Nov 21, 2018 | 05:21 EDT
Jefferies analyst Johnny Wong downgraded Tarena International to Underperform and lowered his price target for the shares to $5.80 from $8 following the company's Q3 results. The analyst now expects the company to post losses in the next three fiscal years due to slowing enrollment from retail adults, high marketing expenses, and the push out in kids education break-even point to fiscal 2020.
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