UPDATE: JPMorgan Upgrades JD.com, Inc (JD) to Overweight

(Updated - April 30, 2019 7:53 AM EDT)

(updated to add analyst name and expand comment)

JPMorgan analyst Alex Yao upgraded JD.com, Inc (NASDAQ: JD) from Neutral to Overweight with a price target of $38.00 (from $30.00).

• Expects positive catalysts across all aspects to emerge in the coming quarters.
• Expects margins to improve, sees FCF improving, sees user growth on the horizon and expects a recovery in revenue growth.

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

Shares of JD.com, Inc closed at $29.76 yesterday.

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