[ET Net News Agency, 26 June 2024] Morgan Stanley raised the target price for Fuyao
Glass (03606) to HKD39 from HKD36 and maintained the "equal-weight" rating.
The research house said it incorporates Fuyao's 1Q24 financials into the model and
increases 2024/25 EPS forecast by 3%/5% to reflect stronger gross margin amid product mix
improvement and stabilizing input cost. (rc)