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<Research>Citi Upgrades ZOOMLION to Buy w/ TP Lifted by 59% to HKD10.2
Recommend 14 Positive 19 Negative 17 |
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Citi has released a report raising its 2026-27 earnings forecasts for ZOOMLION (01157.HK) by 6% and 9%, respectively. The broker also upgraded the company's rating from Neutral to Buy and elevated its target price by 59% from HKD6.4 to HKD10.2, reflecting a more optimistic outlook on "mid-to-late cycle" products such as crane machinery and concrete machinery. In Citi's opinion, ZOOMLION's stock price will embrace two tailwinds, namely the proposed issuance of convertible bonds with a conversion price of HKD9.75 and collaboration with SF HOLDING (06936.HK) to develop the humanoid robot business. AAStocks Financial News |
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