Cheetah Mobile +14.5% on JPMorgan coverage launch

JPMorgan, one of Cheetah Mobile's (CMCM) IPO underwriters, has launched coverage with an Overweight and $26 PT.

Shares have now fully recovered the big losses they saw following Cheetah's Monday Q1 report. The Chinese app/browser developer is up 32% from its $14 May 8 IPO price.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs