0746 GMT - PDD Holdings' current price level is attractive for a long-term position, Daiwa analysts write in a note. The company remains one of the cheapest stocks under the brokerage's coverage, they say. The headline risks for U.S. import tariffs are largely priced in, they add. After Temu entered new markets in February, the rising mix of non-U.S. markets and the semi-managed model for the U.S. market will likely mitigate potential import tariffs risks, Daiwa says. They expect Temu to break even by the end of this year. Daiwa maintains a buy rating for the stock, with a target price of $180.00. Shares last at $130.92. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 21, 2025 03:46 ET (07:46 GMT)
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