06:58
Citi raises Li Ning's target price to 15.91 Hong Kong dollars, with a neutral rating
Citigroup has released a report, lowering its net profit forecast for Li Ning in 2025 and 2026 by 12% and 9% respectively, and lowering its revenue forecast by 4%. The bank has lowered its profit margin expectations for Li Ning, taking into account the latest COC partnership protocol. Citigroup believes that the company's revenue will rise significantly by 2026 as the benefits of the COC partnership are fully launched. Citigroup has raised Li Ning's target price from HKD 14.36 to HKD 15.91 and maintains a neutral rating.

