New Buy Rating for Xiaomi (XIACF), the Technology Giant
Ray KWOK CFA from CGS-CIMB maintained a Buy rating on Xiaomi with a price target of HK$53.50, while shares closed at HK$37.70. KWOK is a 4-star analyst with a 38.5% average return. Bank of America Securities also rated Xiaomi as Buy, but J.P. Morgan maintained a Hold rating.
In a report released yesterday, Ray KWOK CFA from CGS-CIMB maintained a Buy rating on Xiaomi, with a price target of HK$53.50. The company’s shares closed yesterday at HK$37.70.
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According to TipRanks, KWOK CFA is a 4-star analyst with an average return of 38.5% and a 50.00% success rate.
In addition to CGS-CIMB, Xiaomi also received a Buy from Bank of America Securities’s Robert Cheng in a report issued on November 19. However, on the same day, J.P. Morgan maintained a Hold rating on Xiaomi (Other OTC: XIACF).
