JPMorgan: Cuts CIMC Enric (03899.HK) target price to HK$11, reiterates "Overweight" rating

Zhitong Finance APP has learned that JPMorgan released a research report stating that CIMC Enric's (03899.HK) third-quarter net profit after tax was in line with expectations. The bank raised its 2027 and 2028 earnings forecasts by 6% and 9%, reiterated its "Overweight" rating, and lowered its target price from HK$12 to HK$11.