第一个掉队的“新消费三宝”,会是蜜雪吗?

华尔街见闻
Jun 08, 2025

继美银将蜜雪冰城评级下调至"跑输大市"后,瑞银也将蜜雪冰城评级从"中性"下调至"卖出",该行认为蜜雪估值过高,已充分反映甚至超前于长期增长预期,其2.2倍PEG比率也高于同业1.9倍的平均水平。而海外业务遭遇明显挫折,陷入负增长,进一步削弱投资价值。港股“新消费三宝”股价回调之际,又一家外资大行看衰蜜雪冰城。据追风交易台消息,瑞银最新研报将蜜雪冰城评级从"中性"大幅下调至"卖出",主要忧虑集中在两...

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