ABY 11.8% $1.14 adore beauty group limited

Ann: Clarification regarding active customers, page-18

  1. 7,336 Posts.
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    You do realise don't you that Morgan Stanley is the Co-lead manager of the IPO.

    I doubt they would slap a 'sell' on a stock they IPO'ed. It would be very bad for future business.

    So they retain their 'overweight', reduce the price target (safe to do so now), and provide a 2h22 growth rate of 33% (which can be pulled back without reputational risk).
 
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