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Downgraded to $5 per share

$ContextLogic (WISH.US)$
JP Morgan analyst Doug Anmuth downgrades ContextLogic (NASDAQ:WISH) from Overweight to Underweight and lowers the price target from $17 to $5.
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Reassessing Chinese Assets
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.