- Cheetah Mobile ADRs (NYSE:CMCM) are 2.3% lower premarket after a downgrade at Nomura, to Neutral.
- The firm sees a near-term challenge from international partners suspending business with Cheetah after accusations of fraudulent click injection.
- It cut its price target to $7 from $12; CMCM closed yesterday on NYSE at $7.01.
Cheetah Mobile -2.3% as Nomura cautiously cuts to Neutral
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Symbol | Last Price | % Chg |
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CMCM | - | - |
Cheetah Mobile Inc. |