Following the release of PICC Group's fiscal 2025 results, Citigroup has updated its financial model for the insurer. The bank has lowered its earnings per share forecasts for the current and next fiscal years by 9% and 10%, respectively. This adjustment reflects an increased projection for financial expenses related to insurance contracts held by the company. Consequently, Citigroup has reduced its target price for PICC Group from HK$7.9 to HK$6.8, while maintaining a "Buy" rating on the stock.
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