Noah Holdings (NOAH) Reports Q1 EPS of RMB2.31

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JPMorgan Downgrades Noah Holdings Ltd. American Dep (NOAH) to Neutral

May 30, 2024 8:53 AM EDT

JPMorgan analyst Katherine Lei downgraded Noah Holdings Ltd. American Dep (NYSE: NOAH) from Overweight to Neutral with a price target of $13.00 (from $18.00).

The analyst comments "Noahs 1Q24 profits contracted 46% y/y. We turn cautious on Noah for the following reasons: 1) clients assets... More