《大行》里昂下调瑞幸(LKNCY.US)目标价至37美元 上调对蜜雪(02097.HK)目标价至645元

阿斯达克财经
Jun 02, 2025

里昂发表报告,指京东-SW(09618.HK) 百亿元人民币补贴下饮品股为显而易见的选择,但配送利润拖累意味着有关企业需在折扣和配送费之间平衡补贴分配。该行在瑞幸(LKNCY.US)  和蜜雪(02097.HK) 之间优先考虑后者,因瑞幸希望保护利润率,而蜜雪产品价格已很低。该行认为瑞幸产品平均售价可能受到限制,对蜜雪影响为中性。该行上调将瑞幸2025及2026财年经调整除息税折旧摊销前溢利(...

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