JP Morgan Downgrades MINISO Group Holding to Neutral, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has downgraded MINISO Group Holding (NYSE:MNSO) from Overweight to Neutral and reduced its price target from $27 to $15.
September 24, 2024 | 9:09 pm
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NEGATIVE IMPACT
JP Morgan has downgraded MINISO Group Holding from Overweight to Neutral, significantly lowering the price target from $27 to $15.
The downgrade from Overweight to Neutral by JP Morgan, along with a significant reduction in the price target, suggests a negative outlook on MINISO's stock performance. This is likely to lead to a short-term decrease in the stock price as investors react to the revised expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100