The Zhitong Finance App learned that Citi released a research report stating that it lowered the target price of Lenovo Group (00992.HK) by 20% from HK$50 to HK$40, reflecting the possible share dilution effects of convertible bonds and warrants, as well as updates to the valuation model to maintain the “buy” rating.

The Zhitong Finance App learned that Citi released a research report stating that it lowered the target price of Lenovo Group (00992.HK) by 20% from HK$50 to HK$40, reflecting the possible share dilution effects of convertible bonds and warrants, as well as updates to the valuation model to maintain the “buy” rating.