On July 7, Lenovo Group rose 3.32% in regular trading, trading at 21.26 HKD/share, with turnover of HKD 396 million, ending a streak of consecutive declines.

On the news front, multiple investment banks have recently raised their target prices on Lenovo in quick succession. Nomura significantly lifted its target to 35 HKD, CICC raised to 30 HKD, and Huatai maintained a buy rating with a 32 HKD target — all substantially above the current share price. Additionally, BlackRock increased its position by approximately 21.3 million shares on June 26, partially offsetting institutional selling pressure from JPMorgan's earlier reduction of its long position from 13.78% to 9.69%.

Against the backdrop of a prior steep cumulative correction — following a period in which the stock had surged over 100% in roughly six weeks — the combination of elevated institutional target prices and fresh buying activity has helped restore market sentiment, driving a short-term technical rebound from oversold levels.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)