Jefferies released a research report saying that the target price of Changfei Optical Fiber Cable (06869.HK) was raised by 13.4%, from HK$9.46 to HK$10.73. The company's 2024-2025 earnings forecast per share was lower than the market, and the rating was raised from “hold” to “buy.” The bank lowered the company's 2024-2026 revenue and net profit forecast by 17%-26%, which is 6%-19% lower than market expectations, but its valuation is still attractive and optimistic about the telecom industry ecosystem.
富瑞：上调长飞光纤光缆(06869.HK)评级至“买入” 目标价升至10.73港元
Jefferies: Changfei Optical Cable (06869.HK) rating was raised to the “buy” target price to HK$10.73
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