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Fly News Breaks for May 11, 2015
JD
May 11, 2015 | 07:33 EDT
Brean Capital believes JD.com is well positioned to capture the growth of e-commerce in China as the company continues to invest in new business initiatives, continues to deliver improving operating leverage, and increasing its customer base. Brean Capital reiterated its Buy rating and raised its price target to $37 from $35 on JD.com shares.
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