《大行報告》大和降李寧(02331.HK)評級至「跑贏大市」 目標價下調至34元
大和發表報告指,李寧(02331.HK)發布第三季營運數據後舉行電話會議。李寧(不包括李寧YOUNG)第三季零售流水按年升中單位數,低於該行高單位數預期。考慮到第三季和第四季的消費者情緒不如預期,以及公司正在進行的業務調整,李寧管理層將2023財年收入按年增長指引下調至小於10%(此前指引為中十位數(mid-teens))。
大和將李寧投資評級從「買入」下調至「跑贏大市」,預計公司在短期內將繼續受到宏觀不利因素以及內部調整舉措拖累,但一旦市場情緒好轉,公司在同行中的反彈幅度可能會更大。該行將李寧目標價由55元降至34元。
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