Analysis-Walmart tears up China online strategy with JD.com stake sale

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Go back to Analysis-Walmart tears up China online strategy with JD.com stake sale

Citi Opens 30-Day Upside Catalyst Watch on JD.com, Inc (JD)

August 22, 2024 7:54 AM EDT

Citi analyst Alicia Yap reiterated a Buy rating and $41.00 price target on JD.com, Inc (NASDAQ: JD).

The analyst comments "Over the past 6-12 months, internet companies have been increasingly accelerating their buyback activities. JD is among the notable ones that have stepped up their buyback pace aggressively. After utilizing US$2.1bn out of its previous... More

Walmart (WMT) PT Raised to $80 at Evercore ISI

August 22, 2024 5:15 AM EDT

Evercore 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