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uranium-pinto-beans

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uranium-pinto-beans

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Thursday, 08/22/2024 5:45:39 AM

Thursday, August 22, 2024 5:45:39 AM

Post# of 365258
Citi opens 'positive catalyst watch' on JD.com shares
Citi opened a "30-day positive catalyst watch" on shares of JD.com while keeping a Buy rating on the name with a $41 price target. The company fully utilizing its $3B share buyback authorization announced in March demonstrates its commitment towards shareholder return, the analyst tells investors in a research note. The firm finds it highly likely that JD announces a new buyback program between now and the Q3 print, which would support the share price. Citi views JD's current share price as "quite appealing."

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