[ET Net News Agency, 16 February 2024] Morgan Stanley lowered the target price for
CITIC (00267) to HKD7.61 from HKD9.70 and maintained the "equal-weight" rating.
The research house said it is discontinuing coverage of CITIC due to a reallocation of
resources. It thinks CITIC could potentially benefit more from synergies across different
business segments. (RC)