
CICC Reaffirms Their Buy Rating on Xiaomi (XIACF)

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CICC analyst reaffirmed a Buy rating on Xiaomi, setting a price target of HK$53.00, while shares closed at HK$38.82. The analyst consensus is a Strong Buy with an average price target of $8.02, indicating a -79.34% downside. CMB International Securities also maintained a Buy rating with a HK$55.31 target.
CICC analyst maintained a Buy rating on Xiaomi yesterday and set a price target of HK$53.00. The company’s shares closed yesterday at HK$38.82.
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Currently, the analyst consensus on Xiaomi is a Strong Buy with an average price target of $8.02, implying a -79.34% downside from current levels. In a report released yesterday, CMB International Securities also maintained a Buy rating on the stock with a HK$55.31 price target.

