Analysis-Walmart's exit raises questions about JD.com's future

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Morgan Stanley Reiterates Equalweight Rating on JD.com, Inc (JD)

August 27, 2024 6:53 AM EDT

Morgan Stanley analyst Eddy Wang reiterated an Equalweight rating and $28.00 price target on JD.com, Inc (NASDAQ: JD).

The analyst comments "What's new: On Aug 27, 2024, JD announced a US$5bn share buyback program effective from Sep 2024 to Aug 2027. Our Take: We... More