Dangdang (DANG) +5.1% premarket after shares are upgraded to Outperform at Oppenheimer with a...

|By:, SA News Editor

Dangdang (DANG) +5.1% premarket after shares are upgraded to Outperform at Oppenheimer with a $9.50 target price. The firm says given DANG's market leadership in China's fast-growing B2C e-commerce space, early signs of a stabilizing operating and competitive environment and the return of investor interest in Chinese internet stocks, it is more positive on DANG's prospects.