Full Truck Alliance upgraded to Neutral from Underweight at JPMorgan

JPMorgan expert Karen Li upgraded Full Truck Alliance (YMM) to Neutral from Underweight with an unchanged price target of $8. The steadfast cites valuation for the upgrade with the shares down 23% year-to-date and adjacent to the price target The selloff has mostly priced successful the company’s regulatory headwinds and concern exemplary adjustments, the expert tells investors successful a probe note. JPMorgan present sees the stock’s risk/reward arsenic much balanced.

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