Barclays Maintains Overweight on JD.com, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao has maintained an Overweight rating on JD.com but has reduced the price target from $45 to $35.

January 31, 2024 | 10:48 am
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Barclays has maintained an Overweight rating on JD.com, indicating a positive outlook, but lowered the price target from $45 to $35, suggesting a reduced growth expectation.
While the Overweight rating suggests that Barclays believes JD.com will outperform the market or its sector, the reduction in the price target could imply that there are factors that might limit the stock's upside potential. This mixed signal may lead to a neutral short-term impact on the stock price as investors digest both the positive rating and the lowered growth expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100