Morgan Stanley Downgrades JD.com to Equal-Weight, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Eddy Wang has downgraded JD.com from Overweight to Equal-Weight and lowered the price target from $55 to $33.
October 13, 2023 | 10:22 am
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JD.com has been downgraded by Morgan Stanley from Overweight to Equal-Weight, with a lowered price target from $55 to $33.
The downgrade from Morgan Stanley is likely to negatively impact JD.com's stock in the short term. The lowered price target suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100