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Fly News Breaks for March 2, 2016
JD
Mar 2, 2016 | 07:11 EDT
Brean Capital believes JD.com is well positioned to capture the secular growth of e-commerce in China as well as the consumption upgrades. The firm noted JD.com reported solid Q4 results and said even though the continued investment in new business initiatives could weigh on the company's overall margin in the near-term, it will lead to longer-term growth. Brean Capital reiterated its Buy rating and $37 price target on JD.com shares.
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