BofA analyst Joyce Ju lowered the firm’s price target on JD.com (JD) to $37 from $44 and keeps a Buy rating on the shares. BofA expects JD.com’s Q2 total revenues to be up 16% year over year to RMB339.4B, 3% above consensus, with direct sales revenues up 16% y/y, the analyst tells investors in a research note.
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