JP Morgan Maintains Neutral on JD.com, Lowers Price Target to $31
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 $40 to $31.
October 16, 2023 | 2:50 pm
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NEGATIVE IMPACT
JP Morgan has maintained a Neutral rating on JD.com and lowered the price target from $40 to $31.
The lowering of the price target by JP Morgan indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on JD.com's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100