Bank of America Securities: Raises WuXi AppTec's (02359.HK) target price to HKD 204.3 and increases earnings forecast; interim results exceed expectations.

According to the Zhitong Finance APP, Bank of America Securities has released a research report stating that WuXi AppTec (02359.HK) experienced strong revenue and profit growth in the first half of the year, surpassing the bank's full-year expectations. All business segments showed robust growth, with the continuous operation business's backlog reaching 66.43 billion RMB, a year-on-year increase of 25.2%, providing strong visibility for revenue growth. The report reaffirms a "Buy" rating.