HSBC Downgrades HUYA to Hold, Announces $4.7 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Ritchie Sun has downgraded HUYA from Buy to Hold, setting a price target of $4.7.
October 11, 2024 | 5:28 pm
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HSBC analyst Ritchie Sun downgraded HUYA from Buy to Hold, with a new price target of $4.7, indicating a more cautious outlook.
The downgrade from Buy to Hold by HSBC suggests a less optimistic view on HUYA's short-term performance. The price target of $4.7 may lead to a negative sentiment among investors, potentially impacting the stock price negatively.
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