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Chinese stocks have seen the worst selling pressure, indicated by many underweight positions among global funds, according to CLSA, a unit of China's biggest securities firm. An imminent pause in the Federal Reserve's tightening policy is likely to reverse market pessimism. China is still appealing to investors as the cheap valuation and secular growth could provide better returns relative to other equity markets, head of research Shaun Cochran said. It is time for Beijing to address "absolutely
Lufax (NYSE:LU – Free Report) had its price target decreased by CLSA from $2.70 to $1.40 in a research note released on Friday, FlyOnTheWall reports. A number of other brokerages also recently commented on LU. Sanford C. Bernstein started coverage on Lufax in a research report on Thursday, June 8th. They issued an outperform rating […]
Qifu Technology (NASDAQ:QFIN – Free Report) had its price target decreased by CLSA from $27.80 to $25.90 in a report issued on Friday, FlyOnTheWall reports. QFIN has been the topic of several other reports. TheStreet upgraded Qifu Technology from a c+ rating to a b rating in a report on Tuesday, June 6th. Bank of […]
CLSA lowered shares of Gaotu Techedu (NYSE:GOTU – Free Report) from an outperform rating to an underperform rating in a report released on Thursday, MarketBeat reports. The firm currently has $3.30 price objective on the stock, down from their previous price objective of $3.32. Gaotu Techedu Trading Up 2.1 % Gaotu Techedu stock opened at […]
NIO (NYSE:NIO – Free Report) had its price objective cut by CLSA from $18.00 to $14.00 in a report released on Thursday morning, FlyOnTheWall reports. A number of other research firms also recently commented on NIO. Nomura downgraded NIO from a buy rating to a neutral rating and decreased their target price for the stock […]
PDD (NASDAQ:PDD – Free Report) had its target price boosted by CLSA from $95.00 to $114.00 in a research report report published on Wednesday morning, FlyOnTheWall reports. Several other equities research analysts also recently issued reports on the company. Citigroup increased their target price on PDD from $110.00 to $125.00 in a research report on […]
PDD (NASDAQ:PDD – Free Report) had its target price hoisted by CLSA from $95.00 to $114.00 in a report issued on Wednesday, FlyOnTheWall reports. A number of other research firms also recently commented on PDD. Nomura lifted their price objective on shares of PDD from $105.00 to $110.00 in a report on Monday, May 29th. […]
LexinFintech (NASDAQ:LX – Get Free Report) had its price target lowered by investment analysts at CLSA from $3.45 to $3.20 in a report issued on Friday, FlyOnTheWall reports. CLSA’s target price indicates a potential upside of 23.55% from the stock’s current price. LexinFintech Price Performance NASDAQ:LX opened at $2.59 on Friday. The company has a […]
CLSA cut shares of Sunny Optical Technology (Group) (OTCMKTS:SNPTF – Free Report) from a buy rating to an underperform rating in a research note released on Thursday, FlyOnTheWall reports. Separately, Jefferies Financial Group upgraded Sunny Optical Technology (Group) from an underperform rating to a hold rating in a research note on Thursday. View Our Latest […]