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Fly News Breaks for August 14, 2019
JD
Aug 14, 2019 | 09:25 EDT
Benchmark analyst Fawne Jiang raised her price target on JD.com shares to $40 from $36 after the company's report of "strong earnings" and revenues that also came in ahead of consensus estimates. She expects JD to maintain steady top-line growth, supported by a recovery in its core categories and from new business initiatives, and keeps a Buy rating on the shares.