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Investing.com - Macquarie has downgraded WH Group Ltd (HK:288) (OTC:WHGRF) from Outperform to Neutral with a price target of HK$7.60.
The downgrade comes as Macquarie believes that a recovery in WH Group’s U.S. business is already fully reflected in the current share price.
Macquarie maintained its price target of HK$7.60 for the Hong Kong-listed meat processing company, which is based on an unchanged 9x FY26E price-to-earnings ratio.
The investment firm projects a total return of approximately 8% for WH Group shares following this rating adjustment.
WH Group, one of the world’s largest pork producers, operates significant businesses in China, the United States, and Europe, with its U.S. operations conducted through its Smithfield Foods subsidiary.
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