Fireworks show causes trouble! Nomura: The controversy over the Ancestral Bird environmental protection "explosion" damages Amaphen (AS.US) and downgrades its rating to "neutral"

Wisdom Financial APP has learned that Nomura published a research report, downgrading the rating of Yamafei Sports (AS.US) from "buy" to "neutral" and lowering the target price from $43.20 to $38.30. The firm pointed out that although the company recently raised its third-quarter performance guidance and announced its long-term growth targets, market concerns about the environmental controversy surrounding its high-end brand, Zongzu Bird, may have a long-term negative impact on the brand's image and sales growth momentum.