tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

KE Holdings price target lowered to $22 from $24.50 at Jefferies

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.

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.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1