观点网讯:4月3日,德银发表研究报告,将李宁的评级由“买入”降至“持有”,目标价从15.5港元上调至16.8港元。德银认为,李宁的网络调整时间超出预期,2025年市场占有率下降,预计短期内盈利停滞不前,中期缺乏催化剂。德银将李宁今明两年的每股盈测下调17至19%,以反映收入增长放缓及运营开支上升。不过,德银指出,李宁2024年业绩优于预期,收入增长较彭博预测高出2%;经调整净利润较市场预期高出6%...
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