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NQ Mobile (NQ) stock tumbled Friday after an analyst trimmed his price target, saying that the company’s near-term spending is expected to cut into per-share earnings. “With NQ Mobile investing in new growth engines such as NQ Live and Music Radar, we anticipate continued strong revenue growth and improving margins longer term,” wrote Canaccord Genuity analyst T. Michael Walkley, who rates the stock as a buy. Walkley cut his price target to 27 Scalper1 News
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