Morgan Stanley Reiterates Equal-Weight on JD.com, Maintains $27 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Eddy Wang has reiterated an Equal-Weight rating on JD.com (NASDAQ:JD) and maintained a $27 price target on the stock.

April 18, 2024 | 4:47 pm
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Morgan Stanley maintains an Equal-Weight rating on JD.com with a $27 price target.
The reiteration of an Equal-Weight rating and maintenance of a $27 price target by Morgan Stanley suggests a neutral outlook on JD.com's stock in the short term. This indicates that the analyst believes the stock is fairly valued at its current price, implying no significant price movement is expected in the near future.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100