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Fly News Breaks for January 22, 2016
JD
Jan 22, 2016 | 07:26 EDT
Nomura analyt Jialong Shi upgraded Baidu to Buy and increased his price target to $35 from $27 on shares. The analyst said shares have fallen 15% in the past month and checks show that JD's core business has healthy user traffic growth on both PC and mobile sites. Additionally, Shi said JD's partnership with Tencent gives it a unique mobile traffic edge over competitors.
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