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JD.com +3.2% as Stifel re-ups at Buy

Published 12/13/2017, 10:06 AM
© Reuters.  JD.com +3.2% as Stifel re-ups at Buy
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  • JD.com (NASDAQ:JD) is up 3.2% in U.S. trading after being restarted at Buy by Stifel.
  • With China's e-commerce market barreling toward $1 trillion in sales by 2019, the stock's set to be one of "two big winners," along with Alibaba (NYSE:BABA), says analyst Scott Devitt.
  • JD's differentiator is logistics, he says, and it has an opportunity to monetize a third-party marketplace with value-added services.
  • He has a price target of $48, implying 21% upside from today's higher price.
  • Now read: Ford And Alibaba: The Ultimate Automotive Partnership?


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