Barclays Downgrades PDD Holdings to Equal-Weight, Lowers Price Target to $89

Benzinga Newsdesk www.benzinga.com Negative 91.5%

Neg 91.5% Neu 0% Pos 0%

Barclays analyst Jiong Shao downgrades PDD Holdings (NASDAQ:PDD) from Overweight to Equal-Weight and lowers the price target from $165 to $89.