Barclays analyst Jiong Shao lowered the firm’s price target on Meituan (MPNGF) to $10 from $15 and keeps an Underweight rating on the shares. The company’s core local commerce operating margins dropped sharply in Q2 amid intense competition, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MPNGF:
- Meituan Downgraded to Sell Amid Profitability Concerns and Slowing Growth
- Meituan’s Strategic Positioning and Growth Potential Amidst Competitive Challenges
- Meituan Dianping Reports Revenue Growth Amid Profit Challenges
- Meituan Reports Revenue Growth Amidst Declining Profits in H1 2025
- Meituan Dianping (MPNGF) Q2 Earnings Cheat Sheet