JP Morgan Upgrades E-Commerce China Dangdang To Neutral

Analysts at JP Morgan upgraded E-Commerce China Dangdang DANG from Underweight to Neutral. The target price for E-Commerce China Dangdang has been raised from $7.50 to $15.00. E-Commerce China Dangdang shares have surged 52.60% over the past 52 weeks, while the S&P 500 index has gained 18.08% in the same period. E-Commerce China Dangdang's shares dropped 1.11% to $14.20 in pre-market trading.