Haitong goes Neutral on JD.com

|About: JD.com, Inc. (JD)|By:, SA News Editor

JD.com (JD -1.5%) has been cut to Neutral by Haitong International.

That's down from a previous Buy, though the firm raised its price target on American Depositary Receipts to $29.80 from $27.30, now implying 5.2% upside.

The ADRs have been on the upswing over the past three months, up 37.9% in that time span, but are still down 39.1% over the past year.

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