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Kingsoft Office stock downgraded as BofA sees SaaS shift weighing on growth By Investing.com

On Thursday, BofA Securities made a notable adjustment in its stance on Beijing Kingsoft Office Software Inc (688111:CH), downgrading the stock from Buy to Neutral. Despite the downgrade, the firm increased its price target to RMB279.00, up from the previous RMB235.00. The revision reflects a mixed outlook on the company’s financial performance. The analyst cited […]