Citi lowered its target price for JNBY (03306) to HK$19.5 from HK$20.5 and maintained its "buy" rating.
The research house said it expects sales of children's wear line jnby by JNBY (16% of group revenue in FY21 ended June 2021) and core brand JNBY (56% of group revenue in FY21) could be under pressure in the near term, while its other brands could be less affected.
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