UBS analyst Kenneth Fong assumed coverage of Meituan with a Buy rating and price target of HK$144, down from HK$190. The analyst thinks Meituan offers the most room to surprise fundamentally among the China internet large caps with the stock down 40% year-to-date.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MPNGF: