E-Commerce China Dangdang (DANG) Posts Break Even Q1 Loss

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BofA/Merrill Lynch Downgrades E-Commerce China Dangdang (DANG) to Neutral

May 16, 2014 6:36 AM EDT

BofA/Merrill Lynch downgraded E-Commerce China Dangdang (NYSE: DANG) from Buy to Neutral with a price target of $15.00 citing diminished risk/reward and rising competition. Analyst Binnie Wong notes even with yesterday's decline shares have more than doubled since the beginning of last year... More