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00992 LENOVO GROUP
RTNominal unchange9.340 0.000 (0.000%)
Research Report

17/11/2023 15:27

{I-bank focus}Citi raises Lenovo (00992) to HKD10.9

[ET Net News Agency, 17 November 2023] Citi raised its target price for Lenovo Group
(00992) to HKD10.9 from HKD8.8 and maintained its "buy" rating.
The research house said it cuts FY24 EPS forecast by 14% to reflect the results/guide
and raises FY25 and FY26 estimates by 1% and 2%, respectively.
As the PC and server industry is likely to be bottoming out from next year, with
improving demand outlook, it expects Lenovo to benefit from the recovery as a leading
player. (RC)

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