Seeking Alpha

Dangdang adds to post-earnings gains following HSBC upgrade

  • 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.
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