{I-bank focus}Morgan lowers Baiyunshan Ph (00874) to HKD21.4

  Morgan Stanley lowered the target price for Baiyunshan Ph (00874) to HKD21.4 from HKD21.7 and maintained the "equal-weight" rating.
  The research house said following 3Q2024, it lowers 2024-2030 earnings estimate 3-7%, with lower sales forecasts.