Fly News Breaks for May 29, 2019
May 29, 2019 | 06:55 EDT
Benchmark analyst Fawne Jiang maintained a Buy rating on YYY but lowered her price target to $95 from $106 following the company's Q1 results, which beat the consensus for revenue but missed on EPADS. In a research note to investors, Jiang says she expects YY's near-term margins outlook to be dragged down by stepped up investment in global expansion and AI technology and views YY as a value play for longer term oriented investors.
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