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69921 SG#HSI RC2509A (R BULL)
RT Nominal up0.415 +0.010 (+2.469%)

19/11/2024 14:39

{I-bank focus}Macquarie lowers Lenovo Group (00992) to HKD11

[ET Net News Agency, 19 November 2024] Macquarie lowered the target price for Lenovo
Group (00992) to HKD11 from HKD13.75 and maintained the "outperform" rating.
The research house said it lowers 2024E/25E/26E net profit forecasts by 3%/19%/16%,
respectively, mainly on a later turnaround and a lower OP margin for the ISG business.
(rc)

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