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Fly News Breaks for December 20, 2016
JD
Dec 20, 2016 | 07:23 EDT
Evercore ISI analyst Ken Sena initiated JD.com with a Buy and a $33 price target due to its large addressable opportunity in ecommerce. When factoring the potential for further leverage, where he are already sees signs of additional warehouse efficiency, improvements within the company's cash-conversion cycle, and where new applications of automation are underway, he believe shares can go higher.
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