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<Research>Citi Raises LI NING's TP to HKD20.6, Lowers Earnings Forecasts for 2026-27
Recommend 7 Positive 12 Negative 5 |
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According to a Citi research report, the broker updated its model for LI NING (02331.HK) to reflect expectations for its outlook in 2026-27. While Citi's forecasts for LI NING's revenue and net profit for this year remain unchanged, its sales forecasts for 2026-27 have been adjusted by 4% and 3% respectively, given that LI NING's revenue is expected to pick up gradually in 2026 (rather than a quick rebound in 1H26). Citi has also cut its 2026-27 net profit forecasts for LI NING by 6% and 5%, respectively. LI NING's target price has been lifted from HKD18.1 to HKD20.6, with a Buy rating remaining in place. AAStocks Financial News |
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