--- title: "【Big Banks Speculate on D】Goldman Sachs cuts Tencent and Alibaba targets, while Morgan Stanley raises HKEX target after five-year plan announcement" type: "News" locale: "en" url: "https://longbridge.com/en/news/299250659.md" description: "Goldman Sachs lowered the target prices for Tencent, Alibaba, and Trip.com, maintaining a buy rating; Morgan Stanley raised the target price for Hong Kong Exchanges and Clearing to HKD 538, maintaining an overweight rating. In addition, institutions such as Jefferies and JP Morgan adjusted the target price for Trip.com, while Credit Suisse downgraded Swire Properties from buy to hold, and UBS lowered the target price for IM Motors" datetime: "2026-09-17T00:57:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/299250659.md) - [en](https://longbridge.com/en/news/299250659.md) - [zh-HK](https://longbridge.com/zh-HK/news/299250659.md) generator: "portal-rs" --- # 【Big Banks Speculate on D】Goldman Sachs cuts Tencent and Alibaba targets, while Morgan Stanley raises HKEX target after five-year plan announcement "Economic Information Daily, December 17" lists the latest ratings and target prices from major banks: | Stock/Code | Bank/Broker | Target Price Change (HKD) | Rating Change | Previous Closing Price (HKD) | | ------------------------------------------------------ | --------------------------- | --------------------------- | --------------------- | ------------------------------ | | Tencent (00700) | Goldman Sachs | 670.00→650.00 | Maintain Buy | 433.40 | | Alibaba (09988) | Goldman Sachs | 180.00→172.00 | Maintain Buy | 106.20 | | Trip.com (09961) | Goldman Sachs | 545.00→536.00 | Maintain Buy | 323.20 | | | Credit Suisse | 491.00→501.00 | Maintain Buy | | | | JP Morgan | 560.00→490.00 | Maintain Overweight | | | | UBS | 513.00→474.00 | Maintain Buy | | | | Deutsche Bank | 500.00→470.00 | Maintain Buy | | | | Bank of China International | 428.00→427.00 | Maintain Buy | | | | DBS | 431.00→421.00 | Maintain Buy | | | | Haitong Securities | 375.80→344.50 | Maintain Hold | | | Hong Kong Exchanges and Clearing (00388) | Morgan Stanley | 515.00→538.00 | Maintain Overweight | 395.60 | | Swire Properties (00019) | Haitong Securities | 111.20→107.80 | Buy→Hold | 100.00 | | Zhizhu (02513) | UBS | 2200.00→1900.00 | Maintain Buy | 720.00 | | | Daiwa | 1750.00→1500.00 | Maintain Buy | | | SenseTime (00020) | Goldman Sachs | 2.05→2.03 | Maintain Neutral | 1.21 | | Contemporary Amperex Technology Co., Limited (03750) | Morgan Stanley | Maintain 815.00 | Maintain Overweight | 501.00 | | Kerry Properties (00683) | Morgan Stanley | 25.00→22.00 | Maintain Equal-weight | 17.53 | Listed below are some earlier ratings and target prices from major banks: | Stock/Code | Bank/Broker | Target Price Change (HKD) | Rating Change | Previous Closing Price (HKD) | | ------------------------------ | -------------------------- | --------------------------- | ----------------------- | ------------------------------ | | BYD (01211) | Huatai Securities | 146.00→141.00 | Maintain Buy | 79.20 | | | Morgan Stanley | 121.00→114.00 | Maintain Overweight | | | Geely (00175) | Morgan Stanley | 28.00→27.00 | Maintain Overweight | 16.11 | | Nio (09866) | Morgan Stanley | 58.00→68.50 | Maintain Overweight | 28.42 | | | Huatai Securities | 54.40→50.10 | Maintain Buy | | | Li Auto (02015) | Morgan Stanley | 78.50→68.50 | Maintain Overweight | 46.48 | | XPeng (09868) | Morgan Stanley | 96.00→70.00 | Maintain Overweight | 40.42 | | JD Logistics (02618) | Morgan Stanley | 16.90→12.60 | Overweight→Equal Weight | 10.37 | | Horizon Robotics (09903) | CITIC Securities | Initiate at 231.00 | Initiate Buy | 117.60 | | Paradigm Intelligent (06682) | China Merchants Securities | Initiate at 65.00 | Initiate Buy | 25.08 | | Longcheer Technology (09611) | Citigroup | Initiate at 24.00 | Initiate Buy | 20.54 | | Horizon (09660) | JPMorgan | 10.60→9.00 | Maintain Overweight | 4.05 | | Meitu (01357) | Goldman Sachs | 12.30→10.80 | Maintain Buy | 3.815 | | Prada (01913) | Citigroup | 38.00→41.50 | Maintain Neutral | 38.72 | (hc) ### Related Stocks - 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