CLSA Upgrades JD.com, Inc (JD) to Outperform

CLSA analyst Elinor Leung upgraded JD.com, Inc (NASDAQ: JD) from Underperform to Outperform with a price target of $31.00 (from $24.00).

• Says margin beat benefited from rising 3P logistics utilization rate and big cost control of R&D and fulfillment.
• Likes potential 2019 margin improvement to 0.8-1.2% with continued JD logistics efficiency improvements and capped R&D.

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 $28.20 yesterday.

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