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Credit Suisse Downgrades Baozun To Underperform Following Chinese Regulatory Crackdown; Reduced Price Target Signifies 28% Downside

Benzinga
 2021-07-23

Cover picture for the articleCredit Suisse analyst Ashley Xu downgraded Baozun Inc (NASDAQ: BZUN) to Underperform from Outperform with a price target of $23, down from $41, implying a 28% downside from Thursday's closing price of $31.87. Baozun has faced derating pressure due to a boycott against international apparel brands, the soft performance of...

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