[ET Net News Agency, 3 May 2021] UBS lowered its target price for CRRC (01766) to
HK$5.1 from HK$5.6 and maintained its "buy" rating.
The research house said though it expects slower-than-expected recovery in railway
equipment segment, it believes downside risks are limited. Market sentiment may benefit
from passenger traffic recovery during Labour Day holiday and summer vacation. (RC)