[ET Net News Agency, 23 November 2021] Deutsche Bank raised its price target for JD
(09618) to HK$420 from HK$362 and maintained its "buy" rating.
The research house said it expects JD Retail's op margin to improve yoy in 4Q thanks to
a more prudent promotion on Singles Day this year, while investments in new initiatives
will likely increase and drag margins. (RC)