Analysts Upgrade Chagee Holdings Limited (CHA) Amid Improved Sales Outlook
Chagee Holdings Limited (NASDAQ: CHA), a Shanghai-based company that owns and operates teahouses, has seen analysts turn more positive on the stock. JPMorgan upgraded its rating to Overweight with an increased price target of $16 from $11.50 due to better same-store sales dynamics and cost control measures.
Topics: analyst upgrade/downgrade stock analysis tea industry