Cheetah Mobile Announces Changes to Board Composition
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Mobile Advertising Boosts Cheetah Mobile (CMCM) to 3Q Revenue Beat; Summit Research Raises Price Target to $25
November 17, 2015 1:52 PM ESTSummit Research reiterated a Buy rating on Cheetah Mobile (NYSE: CMCM), and raised the price target to $25.00 (from $22.00), following the company's 3Q earnings report. Revenue came in RMB5.7M ahead of consensus, driven by strength in online marketing service, which grew 150% Y/Y, thanks largely to strong performance of its mobile... More
