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Fly News Breaks for April 15, 2019
JD
Apr 15, 2019 | 07:58 EDT
Morgan Stanley analyst Grace Chen said she expects in-line to better than consensus results from JD.com in Q1 given her forecast for in-line or better than consensus Q1 margins and sales at the midpoint of guidance. The analyst, who expects the investment debate for JD.com to shift from margins to tampering sales growth, is cautious about intense competition. She keeps an Equal Weight rating on the stock but raised her price target to $28 from $25.
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