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JPM Upgrades LI NING (02331.HK) to Overweight, Elevates TP to $25.6
2026-03-24 09:51:35
JPMorgan issued a research report saying that it has been looking for two key recovery signals for LI NING (02331.HK), naming whether the Company can regain market share after continuous losses since 2022 and the ability to achieve relatively effective cost control.

LI NING has now shown both positive signals. The broker's outlook on the Company turned positive, primarily due to a 13% YoY profit growth in 2H25, 17%/ 28% higher than the expectations of the broker/ market, the report noted.

This growth is mainly attributed to cost optimization in direct retail channels and higher-than-expected government subsidies, which offset the increase in advertising and promotion expenses.

Therefore, JPMorgan elevated its target price from $14.6 to $25.6, and LI NING from Underweight to Overweight.
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AASTOCKS Financial News
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