Mizuho analyst James Lee lowered the firm’s price target on JD.com to $32 from $35 and keeps a Buy rating on the shares. While the company exits SKU optimization headwinds, China macro remains challenging, especially in real estate and the higher-income cohorts, the analyst tells investors in a research note. The firm views JD as a “show-me” story due to competition concerns and economic uncertainties.
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:
- YINN, YANG: How to Capitalize on China’s Market Gyrations
- Burry and Buffett: Contrarian Moves amid Rising Market Turbulence
- Chinese Stocks Slide despite Booming Lunar New Year Spending
- M&A News: Currys (CURY) Stock Surges on a Potential Bidding Battle
- Appaloosa takes new position in Oracle, boosts Amazon, Microsoft stakes
