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<Research>Citi Opens 30-day Negative Catalyst Watch on PDD Holdings (PDD.US)
Recommend 0 Positive 1 Negative 1 |
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Bloomberg quoted insiders as saying that a special investigation team composed of regulators from the State Administration for Market Regulation (SAMR) and the State Administration of Taxation (SAT) has conducted a large-scale on-site inspection of PDD Holdings (PDD.US), according to a research report issued by Citi Research. While assessing the impact on business fundamentals, Citi Research opened a 30-day negative catalyst watch on PDD Holdings. Although the stock has declined approx. 6% YTD, the broker projected further downside pressure on the share price due to this news, with rating at Buy/ High Risk and a target price of US$170. AASTOCKS Financial News Website: www.aastocks.com |
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