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RLX Technology price target lowered to $2.25 from $2.50 at Citi

Citi lowered the firm’s price target on RLX Technology (RLX) to $2.25 from $2.50 and keeps a Neutral rating on the shares. The company’s Q1 results came broadly in line, the analyst tells investors in a research note. The firm trimmed earnings forecasts on a more conservative margin outlook amid the challenging market.

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