Stock Track | MINISO Surges Over 6% Pre-Market After Citigroup's Bullish Initiation

Stock Track

Oct 04, 2024

Shares of MINISO Group Holding Limited (MNSO) soared over 6% in pre-market trading on Thursday, October 4th, 2024. The stock price rally came after Citigroup initiated coverage on the Chinese discount retailer with an "Overweight" rating and a price target of $26.80.

According to Citigroup analyst Spencer Nevins, MINISO's business model of offering "affordable, high-quality lifestyle products" positions the company well to capture growth opportunities in China's rapidly expanding middle-class consumer market. Nevins cited MINISO's strong brand recognition, extensive store network, and efficient supply chain as key competitive advantages.

The bullish initiation from Citigroup appears to be a key driver behind MINISO's pre-market surge, as investors reacted positively to the Wall Street firm's favorable outlook and lofty price target. The stock closed the previous trading session at $19.90, implying a potential upside of over 34% from Citigroup's $26.80 target price.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1123300071"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1123300071\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1123300071?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-04 18:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1123300071","market":"us","top_or_hot":-1,"title":"Stock Track | MINISO Surges Over 6% Pre-Market After Citigroup's Bullish Initiation","media":"Stock Track","content":"<p>Shares of MINISO Group Holding Limited (MNSO) soared over 6% in pre-market trading on Thursday, October 4th, 2024. The stock price rally came after Citigroup initiated coverage on the Chinese discount retailer with an \"Overweight\" rating and a price target of $26.80.</p>\n\n<p>According to Citigroup analyst Spencer Nevins, MINISO's business model of offering \"affordable, high-quality lifestyle products\" positions the company well to capture growth opportunities in China's rapidly expanding middle-class consumer market. Nevins cited MINISO's strong brand recognition, extensive store network, and efficient supply chain as key competitive advantages.</p>\n\n<p>The bullish initiation from Citigroup appears to be a key driver behind MINISO's pre-market surge, as investors reacted positively to the Wall Street firm's favorable outlook and lofty price target. The stock closed the previous trading session at $19.90, implying a potential upside of over 34% from Citigroup's $26.80 target price.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | MINISO Surges Over 6% Pre-Market After Citigroup's Bullish Initiation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | MINISO Surges Over 6% Pre-Market After Citigroup's Bullish Initiation\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-10-04 18:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of MINISO Group Holding Limited (MNSO) soared over 6% in pre-market trading on Thursday, October 4th, 2024. The stock price rally came after Citigroup initiated coverage on the Chinese discount retailer with an \"Overweight\" rating and a price target of $26.80.</p>\n\n<p>According to Citigroup analyst Spencer Nevins, MINISO's business model of offering \"affordable, high-quality lifestyle products\" positions the company well to capture growth opportunities in China's rapidly expanding middle-class consumer market. Nevins cited MINISO's strong brand recognition, extensive store network, and efficient supply chain as key competitive advantages.</p>\n\n<p>The bullish initiation from Citigroup appears to be a key driver behind MINISO's pre-market surge, as investors reacted positively to the Wall Street firm's favorable outlook and lofty price target. The stock closed the previous trading session at $19.90, implying a potential upside of over 34% from Citigroup's $26.80 target price.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MNSO","symbol_name":"名创优品","start_time":0,"source_url":"","article_id":"1123300071","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1123300071","pubTimestamp":1728039261,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of MINISO Group Holding Limited  soared over 6% in pre-market trading on Thursday, October 4th, 2024. The stock price rally came after Citigroup initiated coverage on the Chinese discount retailer with an \"Overweight\" rating and a price target of $26.80.According to Citigroup analyst Spencer Nevins, MINISO's business model of offering \"affordable, high-quality lifestyle products\" positions the company well to capture growth opportunities in China's rapidly expanding middle-class consumer ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MNSO":"名创优品"},"translate_title":"花旗集团看涨后，名创优品股价盘前飙升逾6%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MNSO":1},"content_text":"Shares of MINISO Group Holding Limited (MNSO) soared over 6% in pre-market trading on Thursday, October 4th, 2024. The stock price rally came after Citigroup initiated coverage on the Chinese discount retailer with an \"Overweight\" rating and a price target of $26.80.\nAccording to Citigroup analyst Spencer Nevins, MINISO's business model of offering \"affordable, high-quality lifestyle products\" positions the company well to capture growth opportunities in China's rapidly expanding middle-class consumer market. Nevins cited MINISO's strong brand recognition, extensive store network, and efficient supply chain as key competitive advantages.\nThe bullish initiation from Citigroup appears to be a key driver behind MINISO's pre-market surge, as investors reacted positively to the Wall Street firm's favorable outlook and lofty price target. The stock closed the previous trading session at $19.90, implying a potential upside of over 34% from Citigroup's $26.80 target price.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}