Form 6-K Baozun Inc. For: Nov 30

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CLSA Downgrades Baozun (BZUN) to Outperform (2) Citing Macro Headwinds and Consumption Weakness

December 2, 2021 6:11 AM EST

CLSA analyst Jamie Chan downgraded Baozun (NASDAQ: BZUN) from Buy (1) to Outperform (2) with a price target of $16.00 (from $25.00).

The analyst comments "Macro headwinds and consumption weakness are expected to last until 1H22. During the transition, we expect Baozun to face continued top-line... More