JPMorgan: Raises China Merchants Bank (03968.HK) target price to HK$63, maintains "Overweight" rating

Zhitong Finance APP has learned that JPMorgan released a research report stating that it has updated its financial forecasts for China Merchants Bank (03968.HK), lowering its net profit forecasts for 2026 to 2028 by 0.6%, raising them by 1.1%, and keeping them unchanged, respectively, and has slightly raised the H-share target price from HK$62 to HK$63, maintaining an "Overweight" rating.