Morgan Stanley Sticks to Their Hold Rating for Want Want China Holdings (WWNTF)
In a report released yesterday, Wilkins Tong from Morgan Stanley maintained a Hold rating on Want Want China Holdings (WWNTF – Research Report), with a price target of HK$5.30. The company's shares closed last Friday at $0.64.
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According to TipRanks, Tong is a 2-star analyst with an average return of 4.8% and a 50.00% success rate.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Want Want China Holdings with a $0.61 average price target, which is a -4.87% downside from current levels. In a report released on June 25, Jefferies also maintained a Hold rating on the stock with a HK$5.71 price target.
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