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<Research>BofAS Upgrades LI NING to Buy With TP HKD25, Envisions Earnings Growth Recovery
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LI NING (02331.HK)'s 2025 results and 2026 management guidance were better than expected, BofA Securities wrote in its research report. The management guided for both revenue growth and net profit margin in the high single digits this year. BofA Securities has upgraded LI NING's rating from Neutral to Buy and lifted its target price from HKD20.2 to HKD25. The broker estimates LI NING's earnings to have bottomed out in 2025 and to recover to high single-digit growth in 2026. AAStocks Financial News |
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