Morgan Stanley raised the target price for Great Wall Motor (02333) to HKD12.2 from HKD11.5 and maintained the "equal-weight" rating.
The research house said it lifts 2024 and 2025 earnings estimates by 13% and 7% to reflect a stronger profitability outlook on the back of rising exports, which should more than mitigate lukewarm sales performance in China.
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