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<Research>M Stanley Downgrades SUNNY OPTICAL to Equalweight, Lifts AAC TECH's TP to $65
Recommend 32 Positive 54 Negative 27 |
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Morgan Stanley has issued a research report raising its target price for SUNNY OPTICAL (02382.HK) from $72 to $80, but it downgraded its rating from Overweight to Equalweight as it believed that the company's expected 2025 P/E ratio of 23 times was not attractive compared to Largan. Morgan Stanley reiterated an Overweight rating for AAC TECH (02018.HK) and BYD ELECTRONIC (00285.HK) given their robust earnings growth potential in 2025. It predicted that both companies will be well-positioned for solid growth in 2025. AAC TECH achieved a turnaround in 2024 after six challenging years, with all business segments expected to grow in 2025. Morgan Stanley lifted its target price from $45 to $65. The broker also estimated that BYD ELECTRONIC's consumer electronics and electric vehicle segments may record positive growth this year, while its AI server segment remains an unknown variable. The broker kept its target price at $50. AAStocks Financial News |
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