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<Research>JPM Cuts LENOVO GROUP (00992.HK) TP to $13, Rating Overweight
LENOVO GROUP (00992.HK)'s core business operating profit was in line with expectations for 4FQ ended March, but higher-than-expected headquarters costs led to a much weaker-tha...
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<Research>JPM Cuts LENOVO GROUP (00992.HK) TP to $13, Rating Overweight
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LENOVO GROUP (00992.HK)  -0.070 (-0.731%)    Short selling $363.73M; Ratio 41.807%   's core business operating profit was in line with expectations for 4FQ ended March, but higher-than-expected headquarters costs led to a much weaker-than-expected quarterly net profit, JPMorgan released a research report saying.

The broker lowered its FY2026-FY2027 profit forecasts by 7% each to reflect slower PC terminal demand and slower-than-expected improvement in the profitability of ISG, and extended its valuation base to FY2026. JPMorgan also cut its target price to $13 from $14, with rating kept at Overweight on undemanding valuation.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-23 16:25.)

Related NewsMacquarie Drops LENOVO GROUP (00992.HK) TP to $14.10, Rating Outperform

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