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.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AACAY: