0308 GMT - Wuxi XDC is likely to maintain solid earnings momentum in 2025, helped by strong global antibody drug conjugate development, Nomura analyst Jialin Zhang says in a note. Antibody drug conjugate is a cancer therapy. The biotech company's revenue and profit in the first half beat Nomura's estimates, Zhang says. Nomura views the results as strong and expects the company to lift revenue guidance for 2025. The analyst maintains a buy rating, and lifts its target price to HK$73.70 from HK$56.55. Shares are 3.1% lower at HK$59.65. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
August 18, 2025 23:08 ET (03:08 GMT)
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