As previously reported, BofA upgraded Miniso (MNSO) to Neutral from Underperform with a price target of $24, up from $16.50, after the company’s Q2 results beat expectations. The firm, which raised its 2025 and 2026 non-IFRS EPS estimates by 11% and 2%, respectively, notes that its increased price target reflect higher estimates, an increased target multiple and roll-forward of its valuation basis.
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