Loop Capital Upgrades JD.com to Buy, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Loop Capital has upgraded JD.com from Hold to Buy, while slightly lowering the price target from $49 to $48.
October 21, 2024 | 11:16 am
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POSITIVE IMPACT
Loop Capital has upgraded JD.com from Hold to Buy, indicating a positive outlook on the stock despite a slight reduction in the price target from $49 to $48.
The upgrade from Hold to Buy suggests increased confidence in JD.com's future performance, which is likely to positively impact the stock price. The slight reduction in the price target indicates some caution but does not outweigh the positive sentiment of the upgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100