东吴证券给予贵州茅台“买入”评级：结构压力逐步释放，费效管控边际加强

Group 1 - Dongwu Securities issued a report on October 30, giving Guizhou Moutai (600519.SH, latest price: 1426.74 CNY) a "buy" rating [1] - The reasons for the rating include a deceleration in Q3 revenue growth, with a widening decline in series liquor sales [1] - Prepayments and receivables have increased on a quarter-on-quarter basis, and cost optimization has helped stabilize performance [1] - The company is making efforts to transform and adjust its supply side, enhancing product adaptation and channel reach [1]