Morgan Stanley analyst Eddy Wang lowered the firm’s price target on JD.com (JD) to $39 from $41 and keeps an Equal Weight rating on the shares. The firm notes JD.com’s raise in guidance for 2025 group and JDR revenue and earnings growth to double digits year-over-year is a positive stock catalyst. However, no guidance for losses in its food delivery business is likely to lead to further earnings estimate downgrades in the remainder of 2025, Morgan Stanley argues.
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