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<Research>CLSA Upgrades LENOVO GROUP (00992.HK) to Buy, Lifts TP to $10.8
Recommend 8 Positive 12 Negative 5 |
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CLSA released a research report expecting that LENOVO GROUP (00992.HK) will report a solid results for the fourth financial quarter ending March 2024, as the strong performance of its PC business will offset the expenses for job cuts in its server business. CLSA lifted its target price for LENOVO GROUP from $9.6 to $10.8, and upgraded the Company from Outperform to Buy, as it was bullish on the Company's streamlined server business, and expected the Company to disclose more details about AI PC in 2H24. AAStocks Financial News |
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