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Fly News Breaks for August 14, 2019
JD
Aug 14, 2019 | 05:18 EDT
Mizuho analyst James Lee raised his price target for JD.com to $31 from $28 saying the company in Q2 reported "strong" operating margin due to one-time VAT benefits and increased logistics utilization while maintaining discipline on costs. However, management plans to increase investments in lower-tier markets in the second half of 2019 so JD.com's net margin is likely to decrease from 2.5% in the first half to to 0.9% in the second half, Lee tells investors in a research note. He keeps a Neutral rating on the shares.
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