Susquehanna lowered the firm’s price target on JD.com to $30 from $38 and keeps a Neutral rating on the shares. The firm said JD continues to execute against a challenging macro backdrop, and they were encouraged to see the company drive efficiencies across the business. While they view JD as solidly positioned in the large Chinese e-commerce market, they also see the potential for longer- term driven by scaling of its advertising and logistics initiative.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on JD:
- Chinese Stocks Slide after Biden-Xi Meeting
- JD.com price target lowered to $38 from $43 at BofA
- JD.com Stock (NASDAQ:JD): An Attractive Bet on China’s Recovery
- Chip Stocks Mixed as Michael Burry Narrows His Bearish Focus
- Unusually active option classes on open November 15th
Questions or Comments about the article? Write to editor@tipranks.com