Jefferies analyst Thomas Chong lowered the firm’s price target on KE Holdings (BEKE) to $22 from $24.50 and keeps a Buy rating on the shares after the company reported Q2 results and management highlighted softer industry trends seen in existing and new home sales since June during the conference call. Factoring in the latest business trends, the firm lowered its revenue and GTV estimates for Q3, the analyst noted.
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