UBS Upgrades JD.com to Buy, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Kenneth Fong has upgraded JD.com from Neutral to Buy, but lowered the price target from $40 to $39.

November 01, 2023 | 2:32 pm
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POSITIVE IMPACT
JD.com has been upgraded to Buy by UBS, indicating a positive outlook. However, the price target has been lowered from $40 to $39.
The upgrade from Neutral to Buy indicates that UBS sees potential for JD.com's stock to perform well in the short term. However, the lowering of the price target suggests a slightly less optimistic view on the stock's value. This could lead to increased buying interest in the short term, but also some caution due to the lower price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100