Citigroup: Reiterate Buy rating on Weichai Power (02338.HK) with target price raised to HK$50

According to the Wisdom Financial News app, Citigroup has released a research report stating that they have reaffirmed a "buy" rating for Weichai Power (02338.HK) with a target price raised from 42 Hong Kong dollars to 50 Hong Kong dollars. The bank has raised the company's revenue forecasts for the years 2026 to 2028 by 1% to 4%, reaching 261 billion, 311 billion, and 340 billion yuan respectively. They have also increased the net profit forecasts by 4%, 13%, and 56%, reaching 16.5 billion, 20.9 billion, and 30.6 billion yuan respectively.