JD.com price target lowered to $30 from $38 at Susquehanna

Susquehanna lowered the firm’s price target on JD.com to $30 from $38 and keeps a Neutral rating on the shares. The firm said JD continues to execute against a challenging macro backdrop, and they were encouraged to see the company drive efficiencies across the business. While they view JD as solidly positioned in the large Chinese e-commerce market, they also see the potential for longer- term driven by scaling of its advertising and logistics initiative.