牧原食品股份有限公司 (02714.HK)

Goldman Sachs cuts Muyuan Foods target to HK$64 on lower hog price forecast

On April 16, 2026, Goldman Sachs released a research report lowering the target price for Muyuan Foods' H-shares (02714) to HK$64 and A-shares (002714.SZ) to RMB 58, while maintaining a 'Buy' rating. The bank noted that hog prices have fallen to a 25-year low of RMB 8.7/kg and are expected to rebound in the second half of the year.