JD.com (JD) Tops Q2 EPS by 10c
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UPDATE: Morgan Stanley Downgrades JD.com (JD) to Equalweight
August 10, 2015 8:39 AM EDT(Updated - August 10, 2015 12:58 PM EDT)
Morgan Stanley downgraded JD.com, Inc (NASDAQ: JD) from Overweight to Equalweight with a price target of $35.00 (from $41.00). Analyst Robert Lin remains positive long-term but noted he near-term competition is expected to increase, and he sees better value elsewhere.
"JD noted its 3P logistics business was profitable in 2Q given high... More
