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Fly News Breaks for August 10, 2015
JD
Aug 10, 2015 | 08:57 EDT
Morgan Stanley analyst Robert Lin downgraded JD.com to Equal Weight from Overweight citing his belief that its competition will increase in the near-term. Lin noted that JD is considering lowering its delivery charges on merchants, which he believes will coincide with competitors' recent focus to compete for brand resources and the analyst thinks the potential lowering of commission rates for key brands by major 3P platforms could cause some near-term margin pressure. Lin lowered his price target on JD shares to $35 from $41.
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