Deutsche Bank analyst Han Zhang initiated coverage of Haidilao International with a Hold rating and HK$15.90 price target, citing what the firm calls a “fair valuation.” The firm, which has a conservative view on China’s restaurant industry, prefers limited-service restaurants over full-service restaurants due to greater flexibility in controlling new-store openings and prefers Western food due to it taking share from Chinese food.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>