Morgan Stanley lowered the target price for WuXi XDC to 86 yuan, rating it as "Overweight."
Morgan Stanley published a research report stating that, in light of WuXi XDC (02268.HK) disclosing its preliminary results for 2025 and due to a decline in operating profit margins, the bank has lowered its earnings forecasts for 2026 to 2030 by 1% to 2%, and the target price has also been adjusted down by 2%, from HKD 88 to HKD 86.
In addition, the bank predicts that WuXi XDC's adjusted net profit will have a compound annual growth rate of 36% from 2024 to 2027, significantly higher than its global peers, and has given it an "Overweight" rating, optimistic about the company's profit growth and visibility, gross margin expansion potential, and industry leadership position
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