CMBI: Cuts Zoomlion (01157.HK) Target Price to HK$8.2, Maintains "Buy" Rating

Zhitong Finance APP has learned that CMBI has issued a research report stating that it has lowered the H-share target price of Zoomlion (01157.HK) from HK$9.1 to HK$8.2, while maintaining a "Buy" rating. The company's net profit in the third quarter fell 26% year on year, mainly due to weak overseas business growth caused by the wars in the Middle East and Ukraine, as well as sluggish revenue growth.