WUXI APPTEC (02359.HK) -0.750 (-1.820%) Short selling $17.90M; Ratio 5.291% 's 1Q24 results missed, UBS released a research report saying. Revenue fell 11% YoY to RMB7.98 billion, missing the consensus of UBS/ the market of RMB8.83 billion/ RMB8.41 billion.The management currently maintains its revenue target of RMB38.3 billion to RMB40.5 billion for 2024. Excluding COVID-19-related revenue, it is expected that full-year revenue will grow by 2.7-8.6% YoY, while capital expenditure and free cash flow targets also remained unchanged.Based on the 1Q24 results performance, UBS lowered its 2024 to 2026 EPS forecasts by 4%/ 5%/ 5% to RMB3.47/ RMB3.73/ RMB3.99 each, and cut its target price from $44 to $40.1, with rating kept at Neutral.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-17 16:25.)