Barclays Maintains Overweight on JD.com, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao has maintained an Overweight rating on JD.com, but has lowered the price target from $52 to $45.
November 01, 2023 | 1:59 pm
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JD.com's price target has been lowered by Barclays from $52 to $45, although the Overweight rating has been maintained.
The lowering of the price target by Barclays indicates a potential decrease in the stock's value in the short term. However, the maintenance of the Overweight rating suggests that the stock is still expected to outperform the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100