E-Commerce China Dangdang Upgraded By JP Morgan; Downgraded By Credit Suisse

E-Commerce China Dangdang DANG was downgraded Friday morning by Credit Suisse from Outperform to Neutral, while JP Morgan upgraded the stock from Underweight to Neutral.

Shares fell 11 percent Thursday after beating on earnings and revenue, but issuing disappointing guidance. The stock closed at $14.36, up 50 percent year to date.