Morgan Stanley: WUXI XDC stock price will absolutely rise in the next 30 days
Morgan Stanley issued a technical opinion report, believing that WuXi XDC (02268.HK) stock price will rise in absolute terms over the next 30 days, mainly due to the recent decline in the stock's trading price, making short-term valuations more attractive. WuXi AppTec announced a substantial external licensing agreement involving its payload connector technology platform. Such agreements include upfront payments, milestone payments, and potential sales royalties, all of which will help enhance sales and profitability.
The bank set a target price of 86 yuan for WuXi XDC, with a rating of "Overweight."
Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments