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JD.com price target raised to $39 from $37 at BofA

BofA raised the firm’s price target on JD.com (JD) to $39 from $37 and keeps a Buy rating on the shares ahead of the Q3 report expected in mid-November. Ahead of the expected report, the firm is fine tuning its 2025, 2026 and 2027 revenue growth estimates.

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