《大行》摩通降蜜雪集团(02097.HK)评级至“减持” 目标价削至270元

阿斯达克财经
Mar 26

摩根大通发表研究报告,将蜜雪集团(02097.HK) 的评级由“增持”大幅下调至“减持”,目标价由521元削减至270元。摩通表示,蜜雪集团多年高速增长阶段即将结束,管理层预示今年将调整步伐,未来12个月将面临外部补贴政策退场及内部结构性挑战,将处于从增长型转向价值型的阶段。该行认为,蜜雪集团与“幸运咖”之间的内部竞争正在升温,加上门店扩张速度放缓及毛利率压力,下调蜜雪集团2026及27年盈利预测...

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