Jefferies Maintains Buy on PDD Holdings, Lowers Price Target to $151
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Thomas Chong maintains a Buy rating on PDD Holdings but lowers the price target from $193 to $151.
August 26, 2024 | 8:49 pm
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Jefferies analyst Thomas Chong maintains a Buy rating on PDD Holdings but lowers the price target from $193 to $151.
The analyst's decision to maintain a Buy rating suggests confidence in PDD Holdings' long-term potential. However, the lowered price target indicates a reassessment of short-term growth prospects, which could lead to neutral market reactions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100