Lyon: Upgrade Ganfeng Lithium (01772.HK) target price to 58 Hong Kong dollars. Fourth quarter outlook remains optimistic.

According to the Securities Times APP, Lyon released a research report stating that Ganfeng Lithium's third-quarter performance was stable. With the deepening of upstream integration and the active contribution of the battery business, the performance prospects for the fourth quarter of 2025 remain optimistic. The target price for Ganfeng Lithium's H shares/A shares has been raised from 35 Hong Kong dollars/45 yuan to 58 Hong Kong dollars/80 yuan, and the outperforming market rating has been reiterated.