JPMorgan: Raises Weichai Power (02338.HK) target price to HK$57, bullish on growth in data center and other businesses

Zhitong Finance APP has learned that JPMorgan issued a research report stating that it has raised Weichai Power's (02338, 000388.SZ) earnings forecasts for FY2027 and FY2028 by about 12%, lifted its H-share target price from HK$55 to HK$57, and raised its A-share target price from RMB52 to RMB54, maintaining an "Overweight" rating on both. The adjustments reflect the company's stronger shipment outlook, margin resilience, and accelerating commercialization momentum in AI data centers (AIDC) and solid oxide fuel cells (SOFC).