Morgan Stanley: Raised the target price for WuXi AppTec (02359) to HKD 220 and reiterated the "Overweight" rating.
The "buy" rating for WuXi AppTec (02359) has been maintained, and the target price has been raised from HKD 193 to HKD 220.
Morgan Stanley released a research report stating that it maintains an "Overweight" rating on WuXi AppTec (02359) and has raised the target price from HKD 193 to HKD 220. The bank has increased its earnings per share forecast for WuXi AppTec by 12% to reflect disposal gains of approximately RMB 3.1 billion, and due to increased cash interest income, it has adjusted the earnings per share estimates for the years 2027 to 2030 upward by about 0% to 1%.
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