Fly News Breaks for March 11, 2015
BITA
Mar 11, 2015 | 07:33 EDT
Oppenheimer cut its price target on Bitauto after the company reported higher than expected revenue but said that it expects to significantly increase its spending this year as it looks to strengthen its online-to-offline transaction related service offering. However, Oppenheimer expects its margins to rebound in 2016, and the firm keeps an Outperform rating on the shares.
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