PDD Holdings Inc. (NASDAQ:PDD) is a top long-term low volatility stock. Analyst Lei Yang downgraded price target from $164 to $112 on May 30, maintaining a Hold rating. The company, based in China, faces uncertainty from Trump’s tariffs affecting its e-commerce platform Temu. Global daily US users dropped 48% in May compared to March.

Temu’s advertising spend in the US also decreased significantly due to the tariff environment. Morgan Stanley analyst Simeon Gutman noted that if the status quo persists, Temu’s competitive threat will weaken. PDD Holdings Inc. is a Chinese multinational online commerce group with strong logistics capabilities. It owns Pinduoduo and operates the fast-growing e-commerce marketplace Temu in over 50 countries.

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Read more at Yahoo Finance: China Galaxy International Downgrades PT on PDD Holdings (PDD) from $164 to $112