58.com (WUBA) Posts Q2 Loss of 19c/ADS
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58.com (WUBA) Seen as Opportunity at Pacific Crest, PT Reduced
August 21, 2015 7:28 AM EDTPacific Crest maintained an Overweight rating on 58.com Inc (NYSE: WUBA) and lowered its price target to $65.00 (from $91.00). The change follows Q2 results. Analyst Cheng Cheng called the stock a "compelling opportunity."
"With strong business momentum, improving margins in the core business, optionality around high spending areas like 58Home... More
