CLSA Downgrades Baozun to Hold, Lowers Price Target to $2.2
Portfolio Pulse from Benzinga Newsdesk
CLSA analyst Leo You has downgraded Baozun (NASDAQ:BZUN) from Outperform to Hold and reduced the price target from $2.8 to $2.2.
August 30, 2024 | 10:13 am
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NEGATIVE IMPACT
CLSA has downgraded Baozun from Outperform to Hold, with a reduced price target of $2.2, indicating a less optimistic outlook.
The downgrade from Outperform to Hold by CLSA suggests a less favorable view on Baozun's future performance. The lowered price target to $2.2 indicates expectations of limited upside potential, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100