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Chinese classified ad site 58.com (WUBA) hit its third all-time high in the past six trading days after it got an upgrade Tuesday in reaction to Friday’s announcement that it would buy a 43.2% stake in top rival Ganji.com and had received an additional investment from China Internet giant Tencent Holdings. Credit Suisse upgraded 58.com stock to outperform from neutral and more than doubled its price target to 90 from 41. Since 58.com and Ganji.com Scalper1 News
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