Susquehanna Maintains Neutral on JD.com, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Shyam Patil maintains a Neutral rating on JD.com (NASDAQ:JD) and lowers the price target from $30 to $28.
March 11, 2024 | 1:51 pm
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Susquehanna analyst Shyam Patil maintains a Neutral rating on JD.com and lowers the price target from $30 to $28.
The reduction in price target by Susquehanna, a significant financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in JD.com's stock price. The maintenance of a Neutral rating indicates that the analyst does not see significant upside or downside potential from the current price level, but the lowering of the price target suggests a slight bearish outlook on the stock's valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100