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<Research>G Sachs Keeps Positive Outlook on LENOVO GROUP (00992.HK), Expects Rising Server Demand to Juice Revenue Growth
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Goldman Sachs, in its research report, upheld a positive outlook on LENOVO GROUP (00992.HK), favoring its leading position in the PC market. The company's product portfolio is upgrading towards AI PCs, and it demonstrates superior supply chain management capabilities amid rising memory costs sector-wise. Goldman Sachs also held a positive view on Lenovo's server business development, believing that the growth in demand for generative AI will entail opportunities for Lenovo in AI infrastructure and edge AI equipment sectors. The broker kept a Buy rating on Lenovo, with a slight reduction in the target price from HKD13.62 to HKD13.25. AASTOCKS Financial News Website: www.aastocks.com |
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