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Fly News Breaks for March 23, 2017
JD
Mar 23, 2017 | 08:17 EDT
As noted earlier, Pacific Crest started coverage of JD.com with a $40 price target and an Overweight rating. Analyst Hans Chung says that the company "has disrupted the retail industry in China with user scale of 220M-plus and its best-in-class logistics." He expects margin expansion and the JD Finance spin-off to enable the company to generate "sustained profitability" soon.
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