PDD Holdings (PDD) cut to Neutral at Goldman Sachs after reassessing risk/reward
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Pinduoduo (PDD) no longer on Goldman Sachs Conviction List
March 11, 2024 10:22 AM EDTGoldman Sachs revealed Monday that Pinduoduo (NASDAQ: PDD) is no longer on its Conviction List. The investment bank also downgraded PDD from Buy to Neutral, lowering the price target to $136 from $176.
PDD Holdings was on the firm's Conviction List for 95 days,... More
Goldman Sachs Downgrades Pinduoduo Inc. (PDD) to Neutral
March 11, 2024 9:04 AM EDTGoldman Sachs analyst Ronald Keung downgraded Pinduoduo Inc. (NASDAQ: PDD) from Buy to Neutral with a price target of $136.00 (from $176.00).
For an analyst ratings summary and ratings history on Pinduoduo Inc. click here. For more ratings news on Pinduoduo Inc. click here.
Shares of Pinduoduo Inc. closed at $110.34 yesterday.
... MoreJefferies Upgrades Pinduoduo Inc. (PDD) to Buy
March 11, 2024 6:11 AM EDTJefferies analyst Thomas Chong upgraded Pinduoduo Inc. (NASDAQ: PDD) from Hold to Buy with a price target of $157.00 (from $117.00).
The analyst comments "Among ecommerce names, share prices of PDD dropped more than 20% YTD; we upgrade the stock to Buy as we believe... More
