JD.Com shares are trading lower after Susquehanna maintained a Neutral rating on the stock but lowered its price target from $40 to $38.
Portfolio Pulse from Benzinga Newsdesk
Susquehanna has maintained a Neutral rating on JD.Com's stock but has lowered its price target from $40 to $38. This has led to JD.Com shares trading lower.
August 31, 2023 | 4:07 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
JD.Com's stock is trading lower after Susquehanna maintained a Neutral rating but lowered its price target from $40 to $38.
The lowering of the price target by Susquehanna, a significant market analyst, has led to a decrease in JD.Com's stock price. Investors may perceive this as a lack of confidence in the company's future performance, leading to a sell-off.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100