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Daiwa Securities Upgrades Dada Nexus Ltd (DADA) to Buy (1)

Daiwa Securities Upgrades Dada Nexus Ltd (DADA) to Buy (1)
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JPMorgan leads Meituan stock downgrades after US$10 billion share sell-off

‘We anticipate a revenue slowdown because management expects consumers to be more cautious and value-oriented,’ a Morningstar analyst says, as at least 30 brokers slash their 12-month price target by 10 to 49 per cent.

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