HSBC: Significantly raises Meitu Inc.'s (01357.HK) target price to HKD 14.4, maintains "buy" rating.

According to the Wise Finance APP, Morgan Stanley released a research report stating that it has significantly raised the target price of Meitu Company (01357.HK) by 140%, from 6 Hong Kong dollars to 14.4 Hong Kong dollars, while maintaining a "buy" rating. The bank believes that Meitu is evolving from a tool software into an innovative workflow promoter and is also cooperating with Alibaba Group Holding Ltd. (09988.HK).