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Fly News Breaks for August 15, 2017
JD
Aug 15, 2017 | 07:00 EDT
JPMorgan analyst Alex Yao raised his price target for JD.com to $55 saying he remains positive on the company's margin expansion outlook, despite quarterly fluctuation. The analyst attributes the "seemingly low" margin in Q2 to seasonal promotional efforts and the one-time impact from logistic cost reclassification. Yao expects JD.com's "strong momentum" to continue in the rest of this year and keeps an Overweight rating on the shares.
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