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Jefferies Chops MIDEA GROUP (00300.HK) TP to $102, Cuts 2026/ 2027 NP Forecasts by 8% Each
2026-04-09 15:30:53
Jefferies published a research report appreciating MIDEA GROUP (00300.HK) as one of the most compelling compound growth stories within its coverage.

However, due to headwinds like weak demand in March, higher base and raw material prices, the broker chopped its target prices for MIDEA GROUP's A-/ H-shares from RMB100/ $110 to RMB90/ $102, with ratings at Buy.

In the export markets, Jefferies also felt mounting pressure, mainly due to slowdown in demand in developed markets. The broker conservatively lowered its 2026/ 2027 net profit forecasts for MIDEA GROUP by 8% each.
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