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<Research>JPM Upgrades XINYI SOLAR (00968.HK) to Overweight, Trims TP to $4
Recommend 8 Positive 11 Negative 12 |
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JPMorgan wrote in a report that it saw a different cycle in the interim results of upstream wind and solar companies in China, with share prices of the major companies it covered diverging from hiking 34% to crashing 43% on a year-to-date basis. The broker believed that individual stock picking would remain a preferred strategy for the next 12 months. JPMorgan upgraded its rating on XINYI SOLAR (00968.HK) from Neutral to Overweight and trimmed its target price from $4.1 to $4 ahead of 4Q24, the traditional peak season. AAStocks Financial News |
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