UPDATE: Credit Suisse Downgrades E-Commerce China Dangdang

27% profit every 20 days?

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In a note released Friday morning, Credit Suisse analyst, Evan Zhou downgraded shares of E-Commerce China Dangdang Inc. (NYSE: DANG) from Outperform to Neutral and lowered the price target slightly from $14.5 to $14.The downgrade comes following the company's second quarter earnings results and reflects slower active user growth and a "slight increase" in fulfillment const assumption. Additionally, Zhou says the price adequately represents expectations for improved margins. Amid the downgrade, shares of DANG are trading down just over one percent in Friday's pre-market session.

27% profit every 20 days?

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