Glory Rain on November 13th: Lyon released a research report stating that Beigene's third-quarter sales increased by 28.2% year-on-year, surpassing market expectations. Driven by strong momentum in the USA, Brukinsa's sales surged by 93% year-on-year. Lyon raised Beigene's revenue forecasts for 2024 to 2026 by 2.9%, 2.8%, and 2.6% respectively, narrowing the group's net loss forecasts for the next two years by 1.4% and 67.6% respectively, and anticipating a return to profit in 2026, raising its net income forecast for 2026 by 13% to earn 0.496 billion US dollars. The bank also raised the H股 target price of the group from 148.4 Hong Kong dollars to 156.8 Hong Kong dollars, reaffirming its 'outperform the market' rating.
大行评级｜里昂：上调百济神州目标价至156.8港元 重申“跑赢大市”评级
Credit Suisse: Raises the target price of Beigene to HK$156.8, reiterates 'outperform' rating.
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