Morgan Stanley upgraded Uni-President China to Equal Weight from Underweight with a price target of HK$6.60, up from HK$4.90. Following Q1 results that the firm says “were a positive surprise,” it tells investors that operations have improved, but adds that momentum will be difficult to sustain in upcoming quarters and argues that the year-to-date move in share price has already fully factored this in.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UPCHY: