Bernstein analyst Robin Zhu downgraded Meituan (MPNGF) to Market Perform from Outperform with a HK$150 price target The firm says Alibaba and JD using food delivery to drive traffic growth “drags Meituan into the 6-7 way scrap that is e-commerce.”
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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MPNGF:
- Meituan Successfully Concludes AGM, Approves Key Resolutions
- Meituan price target lowered to $15 from $16 at Barclays
- Meituan’s Strong Financial Performance and Strategic Initiatives Justify Buy Rating Amid Global Expansion
- Meituan’s Earnings Call: Growth Amidst Challenges
- Meituan Dianping Reports Strong Q1 2025 Growth