Bernstein Maintains Market Perform on JD.com, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Robin Zhu maintains a Market Perform rating on JD.com (NASDAQ:JD) but lowers the price target from $35 to $32.
August 16, 2024 | 11:26 am
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Bernstein analyst Robin Zhu maintains a Market Perform rating on JD.com but lowers the price target from $35 to $32.
The lowered price target from $35 to $32 suggests a less optimistic outlook for JD.com's stock performance, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100