B of A Securities Downgrades MINISO Group Holding to Underperform
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded MINISO Group Holding (NYSE:MNSO) from Buy to Underperform, indicating a negative outlook on the stock.
September 23, 2024 | 5:27 pm
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NEGATIVE IMPACT
B of A Securities has downgraded MINISO Group Holding from Buy to Underperform, suggesting a negative outlook on the stock.
The downgrade from Buy to Underperform by B of A Securities indicates a negative sentiment towards MINISO's future performance. Such downgrades often lead to a decrease in stock price as investors react to the analyst's revised outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100