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‘We anticipate a revenue slowdown because management expects consumers to be more cautious and value-oriented,’ a Morningstar analyst says, as at least 30 brokers slash their 12-month price target by 10 to 49 per cent.
At least 14 analysts have reduced their valuation of the stock after last week’s sell-off in New York and Hong Kong, driving the consensus to a record low. Jefferies and CICC are the most aggressive among them.
[DDL] Dingdong Limited Q2 2023 Earnings Conference Call September 1, 2023 at 08:00 AM ET. Executives: ...
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