Citi analyst Brian Gong lowered the firm’s price target on DouYu to 90c from $1.10 and keeps a Sell rating on the shares post the Q4 results. The analyst says the company offered a "muted" outlook on live streaming. The firm cites macro weakness, limited user growth and monetization upside for eSports live streaming industry for the Sell rating.
Published first on TheFly
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