Daiwa: Raises Zoomlion (01157.HK) rating to "Buy", target price slightly raised to HK$8.3

Zhitong Finance APP has learned that Daiwa released a research report stating that, based on expectations of quarter-on-quarter margin improvement, it has upgraded Zoomlion (01157.HK) from "Outperform" to "Buy," with the target price slightly raised from HK$8.2 to HK$8.3. The bank noted that the company's share price fell sharply after it announced its interim results, which is believed to have been dragged down by factors such as the Middle East situation and foreign exchange.