{I-bank focus}Citi lowers Mengniu Dairy (02319) to HKD20.9

   Citi lowered the target price for Mengniu Dairy (02319) to HKD20.9 from HKD21.39 and maintained the "buy" rating.
  The research house said given weaker-than-expected demand in 4Q24, it has trimmed NP forecast by 5%/6%/6% in 24E/25E/26E on 5-6% cut in top-line assumptions.