Citi downgraded So-Young to Neutral from Buy with a price target of 80c, down from $1.50. The analyst expects Pop headwinds to continue on soft consumption demand and loss of market share to larger lifestyle services platforms with heavier online traffic. The company’s “solid” Q2 report was partially offset by continued softness in the Pop business amid soft consumption in the medical aesthetic industry, the analyst tells investors in a research note.
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