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Fly News Breaks for August 14, 2019
JD
Aug 14, 2019 | 07:41 EDT
Citi analyst Alicia Yap raised her price target for JD.com to $43 from $41 and maintains a Buy rating on the shares following the company's "strong" Q2 results. JD.com's revised full-year profit guidance could prove conservative as management has factored in uncertainty in macro, competitive landscape and effectiveness of its lower tier user penetration initiatives, Yap tells investors in a research note. Following the post-earnings share rally, the analyst closeed her 30-day "Positive Catalyst Watch."
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