Citigroup Maintains Buy on JD.com, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alicia Yap has maintained a 'Buy' rating on JD.com, but has lowered the price target from $64 to $43.

October 13, 2023 | 10:24 am
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Citigroup has maintained a 'Buy' rating on JD.com, but lowered the price target from $64 to $43.
The news is directly related to JD.com as Citigroup has maintained a 'Buy' rating on the company but lowered the price target. This could lead to mixed reactions in the market, with some investors seeing the lowered price target as a negative sign, while others may see the maintained 'Buy' rating as a positive. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100