JP Morgan: Raises Jiangsu Express (00177) target price to 11.7 Hong Kong dollars A-share rating upgraded to "overweight"
The company's fundamentals are still sound, and management also indicates that toll road revenue in 2026 will see low to mid-single digit growth.
J.P. Morgan released a research report stating that JIANGSU EXPRESS (600377.SH) A-shares are being sold off, creating an attractive valuation reassessment opportunity. The bank believes that the company's fundamentals are still strong, with management predicting a low to mid-single-digit growth in toll road revenue in 2026. They have upgraded the A-share rating from "Neutral" to "Hold" and lowered the target price from 15 RMB to 14.3 RMB. As for JIANGSU EXPRESS (00177) H-shares, J.P. Morgan has reiterated a "Hold" rating with a target price raised from 11 HKD to 11.7 HKD.
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