UBS: Cuts target price of Fuyao Glass (03606.HK) to 85 Hong Kong dollars, maintains "buy" rating.

Intelligence Finance app learned that UBS released a research report stating that it has lowered the target price of Fuyao Glass (03606.HK) from 93 Hong Kong dollars to 85 Hong Kong dollars, while maintaining a "buy" rating. The main reason is that the domestic passenger car shipment volume will be lower than expected starting from the second quarter of 2026, resulting in a 4%-5% decrease in profit forecasts for 2026-2028.