JPMorgan downgrades Pop Mart: After a surge, valuation has reached perfect expectations and the risk-reward ratio has deteriorated.
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J.P. Morgan warns that after Pop Mart's price soared more than 200% this year, “valuation has reached perfect expectations”, the current cost-effectiveness of entering the market has significantly decreased, and the risk-reward ratio is deteriorating rapidly.
On Monday (September 15), Pop Mart plunged again, dropping as low