0701 GMT - Li Ning could continue facing headwinds this year, Nomura analysts write in a note, as they downgrade the stock's rating to neutral from buy. The Chinese sportswear company's running segment could see more intensified competition this year, despite gaining more market share and increasing its retail sales by 25% on year last year, they say. As more global and domestic players increase their product launches and marketing efforts, there could be more uncertainties for Li Ning to sustain its retail sales growth, they add. The company's margins could also be weighed by its planned proactive investments in marketing and research and development, they add. Nomura lowers the stock's target price to HK$17.40 from HK$20.30. Shares are at HK$15.88.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
March 31, 2025 03:01 ET (07:01 GMT)
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