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On Wednesday, Jefferies raised the price target on shares of Pop Mart International Group Ltd (9992:HK) shares to HK$53.00 from the previous HK$47.40, while reiterating a Buy rating on the stock.
Pop Mart saw its stock price drop more than 5% after China issued a warning on blind boxes. Chinese state-run news outlet People's Daily wrote about children getting addicted to the mystery boxes.