Citigroup Maintains Buy on Baozun, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alicia Yap maintains a Buy rating on Baozun (NASDAQ:BZUN) but lowers the price target from $8 to $6.
May 31, 2023 | 10:23 am
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Citigroup maintains Buy rating on Baozun (NASDAQ:BZUN) but lowers price target from $8 to $6.
Citigroup's lowered price target on Baozun may cause short-term uncertainty among investors, but the maintained Buy rating suggests that the stock is still expected to perform well in the long run. The impact on the stock price is likely to be neutral in the short term.
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IMPORTANCE 80
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