🟢 Chagee Holdings is trading 5% up today after Jefferies raised its rating to Buy

Chagee Holdings is trading at $13.09, up 4.85%, after Jefferies upgraded the stock to Buy from Hold on October 21.

• Jefferies raised its price target to $14.90 from $11.80.
• The firm cited improving China same-store sales growth, confidence in management execution and a more constructive long-term outlook, calling market sentiment on long-term prospects overly bearish.
• Shares closed at $12.48 on October 20; current trading volume or activity data was unavailable in the sources reviewed.