Upgrades Neutral Overweight X

YMM Full Truck Alliance Co. Ltd.

JP Morgan

$13 $18

Initiated Buy X

YMM Full Truck Alliance Co. Ltd.

HSBC Securities

$18

Downgrades Overweight Neutral X

YMM Full Truck Alliance Co. Ltd.

JP Morgan

$12 $13

Initiated Overweight X

YMM Full Truck Alliance Co. Ltd.

Morgan Stanley

$9

Initiated Equal Weight X

YMM Full Truck Alliance Co. Ltd.

Barclays

Initiated Buy X

YMM Full Truck Alliance Co. Ltd.

Jefferies

$11

Initiated Outperform X

YMM Full Truck Alliance Co. Ltd.

Credit Suisse

$12

YMM  Full Truck Alliance Co. Ltd.

Full Truck Alliance Co. Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight listing, matching, and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, electronic toll collection, and energy services. It also provides technology development and other services. The company was founded in 2011 and is based in Guiyang, China.