Fly News Breaks for March 6, 2015
YY
Mar 6, 2015 | 08:08 EDT
Pacific Crest says that YY's stronger than expected Q4 results eases its concerns about the effects of the transition to mobile on the company. The firm believes that the results were strong, but cut its price target on the name to $91 from $110. However, it keeps an Outperform rating on the stock.
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