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Fly News Breaks for May 4, 2015
JD
May 4, 2015 | 08:11 EDT
Oppenheimer increased its price target on JD.com as it expects the company's Q1 revenue to come in at the high end of its guidance. The firm expects the company's sales to jump 46% in Q2 and predicts that its gross margins will rise over the long-term. It keeps an Outperform rating on the shares.
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