The analyst rating for JD Logistics was lifted from Equalweight to Overweight due to anticipated margin expansion in 2026, which is expected to drive EPS growth and a re-rating of the company's valuation. Morgan Stanley noted that as margins improve, this will provide upside potential for the stock. Additionally, the EPS forecasts for 2026-2027 were raised by 11% and 15%, respectively, and the target price was increased from HKD 12.8 to HKD 16.2.
