Citigroup Maintains Buy on JD.com, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alicia Yap has maintained a Buy rating on JD.com (NASDAQ:JD) but has reduced the price target from $43 to $42.

January 25, 2024 | 10:31 am
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on JD.com but lowers the price target from $43 to $42.
While the reduction in price target could suggest a slightly less optimistic outlook, the maintenance of a Buy rating indicates that Citigroup still sees JD.com as a favorable investment. The impact on the stock price is likely to be neutral in the short term as the price target adjustment is minor.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100