Macquarie Downgrades Pinduoduo Inc. (PDD) to Neutral

Macquarie analyst Ellie Jiang downgraded Pinduoduo Inc. (NASDAQ: PDD) from Outperform to Neutral with a price target of $126.00 (from $220.00).

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 $139.87 yesterday.

You May Also Be Interested In

• Goldman Sachs Downgrades Tsingtao Brewery Company Limited (168:HK) (TSGTF) to Neutral
• Eli Lilly (LLY) PT Raised to $1,284 at Guggenheim
• The Trade Desk (TTD) PT Raised to $13 at Guggenheim