MINISO Group shares are trading higher after Citigroup initiated coverage on the stock with a Buy rating and announced a price target of $26.8.
Portfolio Pulse from Benzinga Newsdesk
MINISO Group shares rose after Citigroup initiated coverage with a Buy rating and set a price target of $26.8.
October 04, 2024 | 2:04 pm
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POSITIVE IMPACT
MINISO Group shares increased following Citigroup's initiation of coverage with a Buy rating and a price target of $26.8, indicating positive sentiment from analysts.
The initiation of coverage by a major financial institution like Citigroup with a Buy rating and a specific price target often leads to increased investor confidence and buying activity, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100