HSBC analyst Lina Yan lowered the firm’s price target on H World Group to $51.50 from $54.40 and keeps a Buy rating on the shares. The company’s Q4 results beat on growth, but profit was short of estimates due to the asset impairment, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HTHT: