---
title: "Jefferies: Gives Meituan a \"Buy\" rating, core local business operating profit steadily growing"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/215160150.md"
description: "Jefferies gives Meituan a \"buy\" rating with a target price of HKD 150. Meituan announced the issuance of USD 2.5 billion senior notes, including USD 1.2 billion of 4.5% notes due in 2028 and USD 1.3 billion of 4.625% notes due in 2029. Jefferies pointed out that Meituan's core local business operating profit is growing steadily, and management has raised CLC business revenue and operating profit targets, demonstrating strong execution capabilities"
datetime: "2024-09-25T08:44:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/215160150.md)
  - [en](https://longbridge.com/en/news/215160150.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/215160150.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/215160150.md) | [繁體中文](https://longbridge.com/zh-HK/news/215160150.md)


# Jefferies: Gives Meituan a "Buy" rating, core local business operating profit steadily growing

Jefferies published a research report stating that Meituan announced the issuance of $2.5 billion in senior notes, including $1.2 billion of 4.5% senior notes due in 2028 and $1.3 billion of 4.625% senior notes due in 2029. Considering Meituan's funding needs, this move was not entirely unexpected by the market. The bank also pointed out that Meituan's core local business operating profit continues to show steady growth, with synergies generated from other businesses as well. The company has strong execution capabilities, and the management had previously raised revenue and operating profit targets for the CLC business. Therefore, Jefferies maintains a "buy" rating with a target price of HKD 150

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