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JD.com price target lowered to $47 from $53 at Benchmark

Benchmark lowered the firm’s price target on JD.com (JD) to $47 from $53 and keeps a Buy rating on the shares. For FY25, the firm lowered its group-level non-GAAP net margin estimate to 1.9% to reflect Food Delivery-related losses and it has trimmed its FY26 margin outlook to account for lingering competitive pressure, the analyst tells investors.

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