Jefferies downgraded AAC Technologies to Hold from Buy with a price target of HK$29, down from HK$30. The analyst sees potential for the company to miss consensus estimates in the first half of 2024 and says the stock’s valuation is no longer cheap.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AACAY: