JPMorgan: Fuyao Glass (03606.HK) Q3 performance below expectations; target price lowered to HK$50

Zhitong Finance APP has learned that JPMorgan released a research report stating that Fuyao Glass (03606.HK)'s third-quarter 2026 results underperformed market expectations. The bank has lowered its 2026 and 2027 earnings forecasts by 7% and 6%, respectively, cut its target price from HK$60 to HK$50, and maintained its "Neutral" rating on Fuyao Glass's A/H shares.