Jefferies Downgrades MINISO Group Holding to Hold
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Anne Ling has downgraded MINISO Group Holding (NYSE:MNSO) from a Buy to a Hold rating.
September 23, 2024 | 9:53 pm
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NEGATIVE IMPACT
Jefferies analyst Anne Ling downgraded MINISO Group Holding from Buy to Hold, indicating a less optimistic outlook on the stock's short-term performance.
The downgrade from Buy to Hold by a reputable analyst like Anne Ling at Jefferies suggests a reduced confidence in the stock's potential for short-term gains. This could lead to a negative sentiment among investors, potentially impacting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100