Alibaba scraps plan to spin off cloud intelligence unit

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JD.com, Inc (JD) PT Lowered to $30 at Susquehanna

November 20, 2023 6:59 AM EST

Susquehanna analyst Shyam Patil lowered the price target on JD.com, Inc (NASDAQ: JD) to $30.00 (from $38.00) while maintaining a Neutral rating.

The analyst commented, "JD continues to execute against a challenging macro backdrop, and we were encouraged to see the company drive... More