Wolfe Research analyst Justin Lake downgrades Cano Health (NYSE:CANO) from Outperform to Peer Perform.
Hongjiu Fruit Gets IPO Go-ahead but Cash Flow Concerns May Bite
Key Takeaways:
Hongjiu Fruit specializes in high-value fruit and was the biggest distributor of branded fresh fruit in China last year in revenue terms
The company’s rapid expansion of new retail channels has raised cash flow risks, with trade receivables surging above 5.9 billion yuan in the first five months of the year
