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REAL-TIME GLOBAL RESEARCH

Luckin Coffee: 2Q26 a clean beat; margin recovery reinforced; raise PT to US$46

Published: 2026-08-03Institution: JPMorganPages: 16Original language: EnglishEvidence page: 15

Research evidence excerpt

Luckin Coffee: 2Q26 a clean beat; margin recovery reinforced; raise PT to US$46

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matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) (Order) 2005

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high value trusts, etc.); or (c) any persons to whom this communication may otherwise lawfully be made; all such persons being referred to as

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expectations contained herein are fair and reasonable, JPMorgan Chase & Co. or its affiliates and/or subsidiaries (collectively J.P. Morgan) make

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