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Fly News Breaks for August 31, 2016
JD
Aug 31, 2016 | 07:41 EDT
JPMorgan analyst Alex Yao downgraded JD.com to Neutral after assuming coverage of the name. The company's increasing free cash flow-generating prospects is offset by its weakening margin outlook, Yao tells investors in a research note. He has a $29 price target for the shares.
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