JP Morgan Upgrades JD.com to Overweight, Raises Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andre Chang has upgraded JD.com (NASDAQ:JD) from Neutral to Overweight and raised the price target from $33 to $36.
August 16, 2024 | 5:18 pm
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JP Morgan analyst Andre Chang has upgraded JD.com from Neutral to Overweight and raised the price target from $33 to $36.
The upgrade from Neutral to Overweight and the increase in price target from $33 to $36 by a reputable analyst at JP Morgan is likely to boost investor confidence in JD.com, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100