Morgan Stanley has raised the net income forecast for Fuyao Glass for 2024-2026 by 3%-12%.
According to Zhongtong Finance APP, Morgan Stanley released a research report stating that due to Fuyao Glass (03606) increasing its market share faster than expected and adopting value-added products, they have raised the net income forecast for 2024-2026 by 3%-12% to reflect stronger revenue growth and margin expansion. Morgan Stanley raised the target price for Fuyao Glass by 13%, from 40 HKD to 45 HKD. The rating is maintained at 'In line with the market.'
