Barclays Maintains Equal-Weight on Full Truck Alliance Co, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao maintains an Equal-Weight rating on Full Truck Alliance Co (NYSE:YMM) but lowers the price target from $9 to $7.

August 23, 2024 | 1:45 pm
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Barclays has maintained its Equal-Weight rating on Full Truck Alliance Co but has lowered the price target from $9 to $7, indicating a less optimistic outlook.
The lowering of the price target from $9 to $7 by Barclays suggests a less optimistic view on the stock's potential, which could lead to a negative short-term impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target is likely to weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100