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Fly News Breaks for March 3, 2020
JD
Mar 3, 2020 | 06:17 EDT
China Renaissance analyst Ella Ji last night upgraded JD.com to Buy from Hold with a price target of $50, up from $39. The analyst sees a stronger competitive advantage for the company relative to peers and expects a margin uptrend beyond COVID-19. The company reported a strong finish to 2019 and Q1 revenue guidance is strong, Ji tells investors in a research note.
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