From July 5th, Citigroup began a 90-day downward catalyst observation on Weichai Power.
Zhongtong Finance APP learned that Citigroup released a research report stating that Weichai Power (02338) will face stronger adversity in the industrial sector in the third quarter of this year. Coupled with concerns about the restructuring of its parent company's management, it may affect Weichai Power's stock performance in the near future. In response to the above situation, Citigroup has initiated a 90-day downward catalyst observation on Weichai Power from today (July 5th) and set its target price at HK$14, giving a "neutral" rating.