Xiaomi (XIACF): New Buy Recommendation for This Technology Giant
In a report released today, Eunice Lee from Bernstein maintained a Buy rating on Xiaomi, with a price target of HK$57.00.
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Lee covers the Consumer Cyclical sector, focusing on stocks such as BYD Co, Nio, and Great Wall Motor Co. According to TipRanks, Lee has an average return of 7.3% and a 43.94% success rate on recommended stocks.
In addition to Bernstein, Xiaomi also received a Buy from Morgan Stanley’s Andy Meng in a report issued on December 16. However, on December 17, Jefferies downgraded Xiaomi (Other OTC: XIACF) to a Hold.
XIACF market cap is currently HK$1073.3B and has a P/E ratio of 21.48.
Read More on XIACF:
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