Mizuho Maintains Buy on JD.com, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst James Lee has maintained a Buy rating on JD.com (NASDAQ:JD) but has reduced the price target from $40 to $35.

January 17, 2024 | 5:24 pm
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NEUTRAL IMPACT
Mizuho analyst James Lee maintains a Buy rating on JD.com but lowers the price target from $40 to $35, indicating a positive outlook but with reduced growth expectations.
While the Buy rating suggests continued confidence in JD.com's fundamentals and potential for growth, the reduction in the price target may reflect a reassessment of near-term growth expectations or market conditions. This could lead to a neutral short-term impact on the stock as the positive sentiment of the Buy rating is counterbalanced by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100