Citigroup released a research report stating that Weichai Power (02338.HK) may face increased headwinds in the third quarter of this year, which, combined with concerns about restructuring of its parent company's management, may affect Weichai Power's recent stock price performance.
In response to the above situation, Citigroup has initiated a 90-day downward catalyst observation on Weichai Power starting today (5th) and sets its target price at 14 yuan, giving it a 'Neutral' rating. (js/k)
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