Citi lowered the firm’s price target on KE Holdings (BEKE) to $24.80 from $25.80 and keeps a Buy rating on the shares following the Q1 report. The firm expects sequential margin improvement in Q2 and 2025 on improving store/agent output and better profitability for the renovation and rental business.
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Read More on BEKE:
- KE Holdings Inc. Reports Strong Q1 2025 Growth
- Positive Outlook for KE Holdings Inc. Despite Macroeconomic Challenges: Buy Rating Affirmed by Eddy Wang
- KE Holdings price target lowered to $24 from $27 at Morgan Stanley
- Morning Movers: Deere gains and Alibaba falls after quarterly results
- KE Holdings reports Q1 adjusted EPS RMB1.19, consensus RMB1.02
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