Enough time has lapsed since the initial public offerings of Arista Networks Inc. (NYSE: ANET) and JD.com Inc. (NASDAQ: JD) that the analysts from the underwriting companies have now been freed up to initiate research coverage. This is called the end of the quiet period.
24/7 Wall St
JD.com Inc. (NASDAQ: JD) analyst coverage was started as follows:
- Barclays started as Overweight and $35 price target;
- Bank of America Merrill Lynch started as Neutral and $31 price target;
- Cowen and Co. started as Market Perform and $30 price target;
- Jefferies started as Buy and $36 price target;
- Nomura started as Buy with $35 price target;
- Piper Jaffray started as Neutral and a $29 price target; and
- SunTrust Robinson Humphrey started as Buy with $35 price target.
24/7 Wall St