J.P. Morgan Raises Target Price for Jiangsu Express H-Shares to HK$11.7, Upgrades A-Share Rating to "Overweight"

Stock News
04/10

J.P. Morgan has released a research report indicating that the A-shares of Jiangsu Express have experienced selling pressure, creating an attractive opportunity for valuation reassessment. The firm maintains that the company's fundamental strengths remain intact, with management guiding for low to mid-single-digit growth in toll road revenue by 2026. Consequently, J.P. Morgan has upgraded its rating on the A-shares from "Neutral" to "Overweight," while lowering the target price from 15 yuan to 14.3 yuan. For the H-shares of Jiangsu Express, the firm reaffirmed an "Overweight" rating and raised the target price from HK$11 to HK$11.7.

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