MINISO (MNSO) shares were down nearly 10% in Monday trading after HSBC and Citigroup downgraded the stock and lowered their price targets.
HSBC downgraded MINISO to hold from buy and adjusted its price target to $10.80 from $18.10, while Citigroup now rates the stock at neutral instead of buy with a $11.30 price target, down from $18.10.
Intraday trading volume stood at about 2 million shares against a daily average of roughly 722,000.
Price: 9.30, Change: -1.04, Percent Change: -10.02
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