Barclays Reiterates Underweight Rating, $3.50 PT on Dangdang on Slower Growth
In a report published Friday, Barclays reiterated its Underweight rating and $3.50 price target on Dangdang (NYSE: DANG).
Barclays noted, “While Dangdang managed to deliver a broadly inline result with 31% revenues growth and smaller net loss in 4Q12, it guided revenues to decelerate further to 20% y/y in 1Q13, partly due to the continued shift from
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Barclays Reiterates Underweight Rating, $3.50 PT on Dangdang on Slower Growth,
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