NEW YORK (TheStreet) --aDeutsche Bank initiated coverage of JD.com Inc.a with a "hold" rating and a price target of $26.60. The bank said the rating of the Chinese online direct sales company was based on fair valuation. "We expect JD.com, as a leading ecommerce platform in China, to continue to gain market share by leveraging its fully-integrated fulfillment infrastructure and in-house delivery service," analysts said, adding, "We expect margins to improve gradually thanks to category expansion toward higher margin non-3C products and marketplace growth." Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Additionally, "JD's partnership with Tencent Holdings Ltda a a should provide potential mobile upside," analysts said, concluding, "We remain cautious on profitability given heavy capital expenditure and aggressive efforts around lower tier market penetration." JD.comais the largest online direct sales company in China in terms of transaction volume with a market share in China of 54.3% in the second quarter of 2014, according to iResearch, a third-party market research firm. Shares of JD.com are down 0.79% to $23.91. JD data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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