Cheetah Mobile (CMCM) Tops Q4 EPS by 61c, Offers Q1 Guidance

Go back to Cheetah Mobile (CMCM) Tops Q4 EPS by 61c, Offers Q1 Guidance

Nomura/Instinet Downgrades Cheetah Mobile (CMCM) to Neutral

March 26, 2019 6:14 AM EDT

Nomura/Instinet analyst Carson Lo downgraded Cheetah Mobile (NYSE: CMCM) from Buy to Neutral with a price target of $7.00 (from $12.00).

The analyst comments "As a result of the negative publicity accusing Cheetah of engaging in fraudulent click injection, some overseas partners of Cheetah... More