MINISO Shares Fall After HSBC, Citigroup Downgrades

MT newswire2026/08/31 19:15

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03:15 PM EDT, 08/31/2026 (MT Newswires) -- 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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The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

华尔街见闻•2026/11/10 18:41