UPDATE: Goldman Sachs Upgrades KE Holdings (BEKE) to Buy

March 11, 2021 7:11 AM EST
Get Alerts BEKE Hot Sheet
Price: $50.09 -6.53%

Rating Summary:
    7 Buy, 1 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 8 | New: 31
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(Updated - March 11, 2021 7:15 AM EST)

Goldman Sachs analyst Elsie Cheng upgraded KE Holdings (NYSE: BEKE) from Neutral to Buy with a price target of $69.00.

The analyst comments "We believe the current regulatory environment of the housing industry in China has limited impact to BEKE’s operations, and is also unlikely to derail the long-term value-add of the company as a leading platform for real estate transactions. We remain optimistic on Beike’s tech-driven operational know-how in secondary housing transactions to drive continued efficiency gains at its network stores, as well as its ability to deliver higher value-add to developers amid a tightening property financing regulatory environment."

For an analyst ratings summary and ratings history on KE Holdings click here. For more ratings news on KE Holdings click here.

Shares of KE Holdings closed at $56.10 yesterday.

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