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Hello Group price target raised to $7 from $5.90 at Citi

Citi raised the firm’s price target on Hello Group (MOMO) to $7 from $5.90 and keeps a Neutral rating on the shares. The company reported Q3 results with revenue largely in line but adjusted earnings above consensus, which was mainly attributable to better than expected margin and spending control, the analyst tells investors in a research note.

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