RLX Technology shares fall as Citi cuts rating on regulatory concerns

Mar. 17, 2025 11:50 AM ETRLX Technology Inc. (RLX) StockBy: Akanksha Khushi, SA News Editor
(1min)
Colorful electronic cigarettes

Liia Galimzianova/iStock via Getty Images

Shares of e-vapour company, RLX Technology (NYSE:RLX) fell more than 10% on Monday after Citi downgraded the stock to Neutral from Buy and cut its price target to $2.50 from $2.80, citing overseas headwinds from regulatory changes, and an unfavorable product mix

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