- HSBC has upgraded Dangdang (DANG +4.3%) to Overweight, and set a PT of $12 (23% above current levels).
- The Chinese e-commerce firm rallied yesterday after providing mixed Q3 results and below-consensus Q4 revenue guidance, as investors focused on the company's improving margins rather than its slowing top-line growth.
- Shares +135% YTD.
Dangdang adds to post-earnings gains following HSBC upgrade
Nov 15 2013, 11:11 ET