[ET Net News Agency, 22 July 2021] Macquarie raised its target price for Mengniu Dairy
(02319) to HK$56 from HK$54 and maintained its "outperform" rating.
The research house said it increases its 2021-2023 revenue forecasts by 0.7% due to
strong liquid milk demand but lower its net profit estimates by 11.6%/13.3%/14.1% due to
GPM pressure. (RC)