Wall Street investment banks are optimistic about Moutai's transformation, target price 2100 yuan.

On August 16, Jefferies released a research report, where analysts John Chou, Lisa Liao, and others pointed out that Moutai is accelerating its transformation into a luxury brand operating model. This judgment is based on two key changes: the withdrawal of "Moutai Bank" and a fundamental shift in pricing philosophy. Based on DCF valuation, Jefferies set a benchmark target price of 2,100 RMB, which suggests an upside potential of about 56% compared to the current stock price of 1,341.99 RMB, and maintains a buy rating.