Goldman Sachs initiated coverage of Chagee (CHA) with a Neutral rating and $13.60 price target implying 17% upside potential. China remains the company’s primary growth driver, but there is limited room for store expansion, the analyst tells investors in a research note. In addition, Goldman believes Chagee’s “premium and narrow” tea-latte focus leave it less well positioned to capture shifting consumer preferences.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CHA:
Disclaimer & DisclosureReport an Issue
