新消费涨不动了?美银下调蜜雪冰城评级至“跑输大市”,称“股价已大幅领先于基本面”

华尔街见闻
Jun 05, 2025

新消费涨不动了?蜜雪冰城股价在近日大涨后遭遇现实检验。6月5日,“新消费三宝”泡泡玛特、蜜雪集团、老铺黄金均下跌,其中,老铺黄金跌超9%,蜜雪集团跌7.8%。据追风交易台消息,美银在5日的研报中,将蜜雪冰城评级从"中性"下调至"跑输大市",目标价从400港元上调至465港元,认为该股"股价已大幅领先于基本面"。美银在研报中揭示了三大关键风险:短期基本面难以支撑高估值、海外扩张和咖啡业务受阻限制长期...

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