Dada Announces up to US$70 Million Share Repurchase Program

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JPMorgan Downgrades Dada Nexus Ltd. (DADA) to Neutral

March 14, 2022 8:59 AM EDT

JPMorgan analyst Andre Chang downgraded Dada Nexus Ltd. (NASDAQ: DADA) from Overweight to Neutral with a price target of $7.50 (from $14.00).

The analyst comments "We downgrade Dada to Neutral with a new Dec-22 PT of US$7.5 (6% potential upside), and suggest that investors long Dada and... More