Credit Lyonnais has upgraded its target price for Wuxi AppTec H shares (02359) from HKD 137.1 to HKD 138.6, while increasing the target price for its A shares (603259.SH) from RMB 124.7 to RMB 126. It maintains an "Outperform" rating and designates the shares as a top choice in the mainland CRO and CDMO sectors. Wuxi AppTec's Q3 performance was robust, with revenue, net profit, and order growth all surpassing market expectations. During the quarter, revenue and adjusted net profit under non-IFRS terms rose by 15% and 42% year-on-year, respectively. The company has updated its guidance for full-year revenue growth from 13%-17% to 17%-18%, and it anticipates a further increase in the full-year adjusted net profit margin compared to the previous year. The firm has also revised its revenue and net profit forecasts for Wuxi AppTec for 2025 to 2027 upwards by approximately 2% and 4%, respectively, reflecting the stronger-than-expected Q3 performance and ongoing robust order growth.