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M Stanley Hikes TP of WUXI APPTEC (02359.HK) to HKD143.5, Rating Overweight
2026-02-20 10:31:19
Given the preliminary 2025 results disclosed by WUXI APPTEC (02359.HK), Morgan Stanley raised its earnings forecast for 2026-30 by 0-3% on increased gross margins, thus increasing the target price from HKD143 to HKD143.5, the broker said in its research report.

The broker assigned an Overweight rating to WUXI APPTEC, predicting a CAGR of 24% for its earnings in 2024-27. It was optimistic about its distinctive CRDMO/CTDMO model and platform advantages, along with having the largest number of early-stage projects among Chinese competitors, providing stronger visibility for medium- to longer-term growth relative to domestic peers.
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