06:58
Citigroup raises Li Ning's target price to HK$15.91, neutral rating
Citigroup released a report, lowering the net profit forecast for Li Ning in 2025 and 2026 by 12% and 9% respectively, with a 4% reduction in revenue. The bank lowered the profit margin expectations for Li Ning, considering the latest announced COC collaboration protocol. Citigroup believes that the group's revenue will significantly rise in 2026, as the benefits of the COC collaboration will be fully launched. Citigroup raised Li Ning's target price from HK$14.36 to HK$15.91 and gave a neutral rating.

