Goldman Sachs: Cuts Fuyao Glass (03606.HK) Target Price to HK$59, Maintains "Neutral" Rating

Zhitong Finance APP has learned that Goldman Sachs issued a research report stating that Fuyao Glass (03606.HK)'s third-quarter 2026 results were below expectations, and cut its target price from HK$64 to HK$59, maintaining a "Neutral" rating. The bank lowered the company's earnings per share forecasts for 2026 to 2028 by 5% to 10%, mainly reflecting lower revenue due to the decline in China's automobile production, as well as exchange losses brought about by the appreciation of the renminbi.