[ET Net News Agency, 9 May 2024] Citi raised the target price for Meituan (03690) to
HKD134 from HKD128 and maintained the "buy" rating.
The research house said it adjusted 2024-26E total revs/non-GAAP profit by -0.4%/-2.2%,
-0.2%/-0.3% and -0.2%/-0.3% to reflect order demand shift to Instashopping, partially
offset by more modest volume in food delivery. (rc)