HSBC Maintains Hold on Baozun, Lowers Price Target to $4.2
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Charlene Liu has maintained a 'Hold' rating on Baozun (NASDAQ:BZUN) and lowered the price target from $4.5 to $4.2.
August 29, 2023 | 1:34 pm
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HSBC has maintained a 'Hold' rating on Baozun and lowered the price target from $4.5 to $4.2, which could potentially impact the stock's performance.
The lowered price target indicates that the analyst sees less upside potential for the stock, which could lead to a negative sentiment among investors. However, the 'Hold' rating suggests that the analyst does not recommend selling the stock at the current price, which could balance out the potential negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100