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Fly News Breaks for August 19, 2019
JD
Aug 19, 2019 | 08:48 EDT
Barclays analyst Gregory Zhao initiated JD.com with an Equal Weight rating and $36 price target, stating that while its recently accelerated revenue growth and margin expansion outlook "are very impressive," he also thinks the turnaround is largely priced into the stock. He is also concerned that JD may miss some significant opportunities, such as in Cloud and payment, as it focuses on retail.
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