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25387 MSLENOV@EP2503A (PUT)
RT Nominal down0.102 -0.009 (-8.108%)

29/01/2024 16:00

{I-bank focus}Morgan lowers Lenovo Group (00992) to HKD9.7

[ET Net News Agency, 29 January 2024] Morgan Stanley lowered its target price for Lenovo
Group (00992) to HKD9.7 from HKD10 and downgraded its rating to "equal-weight" from
"overweight".
The research house said it reduces F24-26 earnings estimates to reflect weaker demand
recovery, and rolls model forward to 2HF25-1HF26 from F25. (RC)

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