By: Benzinga
UPDATE: Oppenheimer Reiterates on E-Commerce China Dangdang Following Mixed 3Q Results, Better-Than-Expected 4Q Guidance
In a report published Monday, Oppenheimer analyst Andy Yeung reiterated an Outperform rating on E-Commerce China Dangdang (NYSE: DANG ), and raised the price target from $9.50 to $11.00. In the report, Oppenheimer noted, “DANG reported mixed 3Q results, but provided better than expected 4Q revenue guidance. Margins continued to
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