[ET Net News Agency, 5 January 2026] Daiwa lowered the target price for Mixue Group
(02097) to HKD427 from HKD535 and downgraded the rating to "hold" from "outperform".
The research house said it cuts 2026-27E earnings by 4-8%, factoring in more
conservative assumptions on SSSG and margin expansion. (rc)