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Full Truck Alliance price target lowered to $16 from $16.50 at Citi

Citi lowered the firm’s price target on Full Truck Alliance (YMM) to $16 from $16.50 and keeps a Buy rating on the shares. The company reported solid results with decent order volume growth and an earnings beat, the analyst tells investors in a research note. The firm says that despite some short-term investments, Full Truck has solid fundamentals with faster order volume growth outlook.

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