Barclays Maintains Equal-Weight on Full Truck Alliance Co, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao maintains an Equal-Weight rating on Full Truck Alliance Co (YMM) and lowers the price target from $8 to $6.

March 11, 2024 | 10:47 am
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Barclays maintains an Equal-Weight rating on Full Truck Alliance Co and lowers the price target from $8 to $6.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term impact on YMM's stock price. Investors often view such adjustments as a signal of expected performance, and a lower price target may reduce investor confidence and demand for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100