MINISO to Acquire Stake in Yonghui Superstores, a Leading Chinese Retailer
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JPMorgan Downgrades Miniso (MNSO) to Neutral
September 24, 2024 4:11 PM EDTJPMorgan analyst Kevin Yin downgraded Miniso (NYSE: MNSO) from Overweight to Neutral with a price target of $15.00 (from $27.00).
The analyst comments "Minisos announcement it would acquire a 29.4% stake in Yonghui Superstores was a negative surprise to the market, in our view. However, we think the 24% share price decline on 24 Sep (vs HSI up 4.1%) was... More
Jefferies Downgrades Miniso (MNSO) to Hold
September 23, 2024 4:31 PM EDTJefferies analyst Anne Ling downgraded Miniso (NYSE: MNSO) from Buy to Hold with a price target of $14.91.
The analyst comments "Although we like Miniso's original business, we lower our rating from Buy to Hold w/ a new PT of USD14.91/share, down 53%,... More
