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Dada Nexus price target lowered to $4 from $4.50 at Mizuho

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Mizuho analyst Wei Fang lowered the firm’s price target on Dada Nexus ( DADA ) to $ 4 from $ 4.50 and keeps an Outperform rating on the shares.

The firm says the potential for higher tariffs “casts a shadow of uncertainty” Despite a mixed outlook, it remains positive on outbound travel demand in China .