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<Research>Macquarie Keeps LENOVO GROUP (00992.HK) Rating at Outperform, Lifts TP to $12.93
Recommend 5 Positive 8 Negative 2 |
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LENOVO GROUP (00992.HK) aims to gain market share in 2026 through innovation and a high-end product portfolio, driving revenue growth in its device business, Macquarie released a research report saying. The infrastructure solutions group (ISG) restructuring plan is designed to adjust the product mix and staff allocation to capture the rapidly growing demand for inference. Therefore, the broker kept rating at Outperform for LENOVO GROUP, and lifted its target price by 5% to $12.93, as it believed that LENOVO GROUP's ISG business is well on track for a turnaround. Macquarie adjusted its FY2026-2028 non-HKFRS net profit forecasts for LENOVO GROUP by +4.3%/ +5.4%/ -3.1%, mainly due to adjustments in operating profit margins. AASTOCKS Financial News Website: www.aastocks.com |
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