Macquarie: Raises target price for Lenovo Group (00992) to HKD 21.75, maintains "outperform" rating.

According to the Zhitong APP, Morgan Stanley released a research report stating that Lenovo Group (00992) had strong performance in the fourth quarter of last year, with double-digit growth in revenue for all three business segments compared to the same period last year. Among them, the Infrastructure Solutions Group (ISG) business revenue and profits reached a record high, with an operating profit margin of 3.6%. The bank has significantly raised Lenovo's target price from HK$12.93 to HK$21.75, an increase of 68%, with a rating of "outperforming the market", and has included it in the core recommended list "Marquee Buy".