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<Research>Citi Resumes Coverage on LENOVO GROUP (00992.HK) w/ Rating/ TP at Buy/ $11.5
Recommend 13 Positive 32 Negative 9 |
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Citi Research issued a research report resuming coverage on LENOVO GROUP (00992.HK), with rating at Buy and a target price of $11.5, equivalent to a projected PE ratio of 12x. Citi Research expected LENOVO GROUP to benefit from increasing penetration of AI PCs and the commercial replacement cycle following the end of Windows 10 support. In addition, the broker believed that the Group's server business can reach break-even and will continue to be profitable due to better product offerings. AAStocks Financial News |
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