B of A Securities Maintains Buy on PDD Holdings, Lowers Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Buy rating on PDD Holdings but lowered its price target from $206 to $170.
August 27, 2024 | 11:45 am
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NEUTRAL IMPACT
B of A Securities has maintained a Buy rating on PDD Holdings but lowered its price target from $206 to $170, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in PDD Holdings, but the lowered price target reflects a more cautious outlook on its future performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100