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Fly News Breaks for March 3, 2020
JD
Mar 3, 2020 | 06:58 EDT
Mizuho analyst James Lee raised the firm's price target on JD.com to $37 from $33 and keeps a Neutral rating on the shares. The company's Q4 trends indicate margin expansion and it is proving "more resilient" than peers, Lee tells investors in a post-earnings research note. However, the analyst looks for more proof in lower-tier markets and a sustainable new retail strategy for top-tier markets before getting more constructive on the shares.
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