SunTrust Robinson Humphrey Raises price Target on (JD) to $31

October 10, 2016 8:02 AM EDT
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Price: $26.87 +0.83%

Rating Summary:
    16 Buy, 8 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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SunTrust Robinson Humphrey reiterated a Buy rating on, Inc (NASDAQ: JD), and raised the price target to $31.00 (from $27.00), ahead of the company's 3Q report.

Analyst Robert Peck commented, "GMV growth for 3Q could be challenged by seasonality, increased competition, as well as anti-brushing, impacts from virtual goods and PaiPai comps. However, gross profit growth remains robust at >50% and core 1P profitability and FCF are improving as JD's scale (better supplier terms) and category mix shifts offset continued opex spending and investments in logistics, FMCG and cloud. Investor sentiment remains cautious around near term issues and supportive of secular trends. We reiterate Buy rating and new 2017 PT of $31 PT from $27, which implies 5x EV/GP, in line with peers."

For an analyst ratings summary and ratings history on, Inc click here. For more ratings news on, Inc click here.

Shares of, Inc closed at $27.03 yesterday.

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