BofA lowered the firm’s price target on JD.com (JD) to $38 from $39 and keeps a Buy rating on the shares following the company’s Q3 report. For Q4, management guides a tougher comp for appliances while smartphone, healthcare, fashion and supermarket categories were all doing well during the Double 11 campaign, notes the analyst, who forecasts JDR revenue growth of 3.0% and 2.5% for Q4 and 2026, respectively.
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