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<Research>Nomura Lifts LENOVO GROUP(00992.HK) TP to $13 as Strong Sales to Drive Profit Growth
Recommend 6 Positive 14 Negative 6 |
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Nomura released a research report seeing potential upside to LENOVO GROUP(00992.HK)'s share price as its PC business may still perform stronger than expected amid a weak PC market; the profitability of its server business is still low, thus implying more upside than downside; and the prolonged H200 lifecycle may benefit LENOVO GROUP and other lower-tier server companies on low base. Therefore, it is believed that LENOVO GROUP's quarterly results may beat market consensus. Nomura raised its FY2025-FY2026 earnings forecasts for LENOVO GROUP by 2-3%, and lifted its target price to $13 from $11, with rating at Buy. AAStocks Financial News |
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