CITIC Lyon raises Lenovo Group's target price to HKD 48.7, maintaining its outperforming market rating

CITIC Lyon has raised Lenovo Group's target price from HKD 36 to HKD 48.7, maintaining its outperforming market rating. They have also raised Lenovo's adjusted net profit forecast for the 2027-2028 fiscal year by 40% and 35% respectively to USD 4.4 billion and USD 4.8 billion.