0449 GMT - Lenovo Group is well-positioned to capture growth opportunities in AI infrastructure and edge AI, Citi analysts say in a research note. The company's operational flexibility in product design, manufacturing and supply-chain management should help it navigate macro volatility, they say. Lenovo's shares fell Thursday despite a fiscal 1Q profit beat, as gross profit margin weakness weighed and profit-taking likely emerged after a recent rally. However, Lenovo's stocks remain attractive to Citi due to its solid fundamentals and attractive valuation. Citi maintains its buy rating on Lenovo and raises its target price to HK$13.60 from HK$13.30 given its solid outlook. Shares are last at HK$10.65. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
August 15, 2025 00:49 ET (04:49 GMT)
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