Jefferies: Lowers Yue Yuen Industrial (Holdings) (00551.HK) target price to HK$5.6, maintains "Underperform" rating.

Zhito Finance APP has learned that Jefferies issued a research report stating that it has lowered the target price of Yue Yuen Group (00551.HK) from HK$5.7 to HK$5.6, maintaining an "Underperform" rating. The market expects Yue Yuen Group's stronger fourth-quarter performance to offset its weak third-quarter performance, but the bank disagrees with this view.