JP Morgan Maintains Neutral on JD.com, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andre Chang has maintained a Neutral rating on JD.com (NASDAQ:JD) and lowered the price target from $43 to $40.
August 18, 2023 | 10:30 am
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NEUTRAL IMPACT
JP Morgan has maintained a Neutral rating on JD.com and lowered the price target from $43 to $40.
The news of JP Morgan maintaining a Neutral rating on JD.com but lowering the price target could have a mixed impact on the stock. While the Neutral rating suggests that the stock is expected to perform in line with the market or sector in the next 6-12 months, the lowered price target could indicate a potential downside, which might negatively affect investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100