Jefferies analyst Thomas Chong raised the firm’s price target on iQiyi (IQ) to $2.50 from $2.10 and keeps a Buy rating on the shares. The company highlighted positive new regulations on its Q2 earnings call, which shorten the time from production to approval and broadcast, the analyst tells investors in a research note. The firm sees sequential growth for iQiyi’s revenue in Q3 on better industry trends.
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