[ET Net News Agency, 31 December 2021] Morgan Stanley lowered its price target for
China CRSC (03969) to HK$4.7 from HK$5.02 and maintained its "overweight" rating.
The research house said it lowered revenue estimate by 5% for 2021-23, to reflect
lower-than-expected transportation FAI growth and new orders in 2H21. (RC)