Coupang price target lowered to $28 from $31 at Citi

Citi lowered the firm’s price target on Coupang (CPNG) to $28 from $31 and keeps a Buy rating on the shares as part of a Q4 earnings preview. The firm believes the company’s Q4 growth and margins will be largely similar to Q3. Coupang should see resilient growth amid an industry slowdown, the analyst tells investors in a research note.