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FMCN Market report
Posted By: China 2008
Date: 3/6/08 at 5:42 a.m. EST
3/6/08 Focus Media Sterne Agee initiates Buy. Target $75. Sterne Agee initiates FMCN with a Buy and a $75 tgt saying they believe Focus Media's business model is straightforward, but delivers powerful results. The firm believes the co is a play in the up-and-coming secondary cities in China, potentially driving up revenue growth and market expansion with a highly leveraged business model.
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