B of A Securities Maintains Buy on JD.com, Lowers Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Joyce Ju maintains a Buy rating on JD.com, but has lowered the price target from $56 to $51.
August 17, 2023 | 11:16 am
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JD.com's price target has been lowered from $56 to $51 by B of A Securities, though the Buy rating is maintained.
The lowering of the price target by B of A Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Buy rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100