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Fly News Breaks for December 7, 2018
JD
Dec 7, 2018 | 09:26 EDT
MKM Partners analyst Rob Sanderson lowered his price target on JD.com to $35, noting that the company may be increasingly challenged in the short run by the macro backdrop around trade, along with risks around "category exposure" and investment losses. Longer term, the analyst keeps his Buy rating on JD.com however, stating that the stock could see "very significant upside with just decent execution" and triple in value over 3-4 year period.
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