MINISO Group shares are trading lower after Jefferies downgraded the stock from Buy to Hold.
Portfolio Pulse from Benzinga Newsdesk
MINISO Group shares declined following a downgrade by Jefferies from Buy to Hold.
September 24, 2024 | 1:47 pm
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MINISO Group's stock experienced a decline after Jefferies downgraded its rating from Buy to Hold, indicating a less optimistic outlook.
The downgrade by Jefferies from Buy to Hold suggests a less favorable view on MINISO's future performance, leading to a negative impact on the stock price as investors react to the revised analyst rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100