Bernstein Downgrades JD.com to Market Perform, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Robin Zhu has downgraded JD.com from Outperform to Market Perform and lowered the price target from $55 to $31.
October 16, 2023 | 2:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
JD.com has been downgraded to Market Perform by Bernstein, with a lowered price target of $31.
The downgrade from Outperform to Market Perform and the significant reduction in price target by Bernstein analyst Robin Zhu could negatively impact JD.com's stock price in the short term. Investors may perceive this as a lack of confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100