Walmart unwinds JD.com investment, to focus on own China ops
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Walmart (WMT) PT Raised to $80 at Evercore ISI
August 22, 2024 5:15 AM EDTEvercore ISI analyst Greg Melich raised the price target on Walmart (NYSE: WMT) to $80.00 (from $78.00) while maintaining a Outperform rating.
The analyst comments "We are updating our Walmart Sum of the Parts (SOTP) analysis to reflect the divestiture of its JD.com... More
Citi Reiterates Buy Rating on JD.com, Inc (JD)
August 21, 2024 6:36 AM EDTCiti analyst Alicia Yap reiterated a Buy rating and $41.00 price target on JD.com, Inc (NASDAQ: JD).
The analyst comments "We view todays news regarding Walmart exiting JD.com 9.4% stake as a surprise and >10% share price decline likely have reflected the unexpected
news. Per Reuters... More
