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25472 HSLININ@EC2411A (CALL)
RT Nominal unchange0.010 0.000 (0.000%)

08/01/2024 15:49

{I-bank focus}Goldman Sachs lowers Li Ning (02331) to HKD33

[ET Net News Agency, 8 January 2024] Goldman Sachs lowered its target price for Li Ning
(02331) to HKD33 from HKD38 and maintained its "buy" rating.
The research house said it revised down 2023-26E earnings forecasts by 11-15% to factor
in slower sales growth, higher OPEX, lower non-operating income but slightly better GPM.
(RC)

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