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Morgan Stanley raises POP MART target price by 20% to 135 yuan

Morgan Stanley raised POP MART's target price by 20% to 135 yuan, citing new customer growth from plush bag charms. The report notes POP MART plans to increase US store count to over 40 by 2025. AI-generated
Why it matters:Analysts see new customer growth and market potential from plush bag charms.
EarningsGlobal expansionAnalysisBlind boxPOP MART
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