---
title: "[Big Banks Speculate on D] JP Morgan lowered the target for real estate stocks across the board, maintaining CK ASSET unchanged, while Jefferies upgraded Geely Auto to Buy"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290492474.md"
description: "Latest rating changes from major banks: JP Morgan lowered the target prices for New World Development, Sino Land, and Henderson Land, while maintaining an overweight rating on CK Asset; Daiwa upgraded Geely's rating from hold to buy. In addition, Citigroup raised the target prices for KB Laminates and Weichai Power while maintaining a buy rating, and LAOPU GOLD received a restored or maintained buy rating from Citigroup and Daiwa"
datetime: "2026-06-23T00:49:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290492474.md)
  - [en](https://longbridge.com/en/news/290492474.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290492474.md)
---

# [Big Banks Speculate on D] JP Morgan lowered the target for real estate stocks across the board, maintaining CK ASSET unchanged, while Jefferies upgraded Geely Auto to Buy

"Economic Information Daily, 23rd Special Report" lists the latest ratings and target prices from major brokerages:

Stock/Code

Brokerage

Target Price Change  
(HKD)

Rating Change

Previous Closing Price  
(HKD)

Tianshu Zhixin  
(09903)

Morgan Stanley

600.00→688.00

Maintain Overweight

726.50

Sun Hung Kai Properties  
(00016)

JPMorgan

162.00→140.00

Maintain Overweight

113.60

Sino Land  
(00083)

JPMorgan

14.50→12.50

Maintain Overweight

10.61

New World Development  
(00017)

JPMorgan

8.00→6.80

Maintain Neutral

7.10

Henderson Land  
(00012)

JPMorgan

30.00→27.00

Maintain Neutral

25.64

CK Asset  
(01113)

JPMorgan

Maintain 52.00

Maintain Overweight

44.72

Geely Auto  
(00175)

Daiwa

23.70→27.00

Hold→Buy

17.45

Laopu Gold  
(06181)

Citigroup

700.00→659.00

Maintain Buy

434.80

Earlier ratings and target prices from some major brokerages:

Stock/Code

Brokerage

Target Price Change  
(HKD)

Rating Change

Previous Closing Price  
(HKD)

Zhiyu  
(02513)

JPMorgan

1400.0→1800.0

Maintain Overweight

2410.00

Citic Securities

Initiate 1500.00

Initiate Hold

CATL  
(03750)

Bernstein

Maintain 770.00

Maintain Market Perform

742.00

KB Laminates  
(01888)

Citigroup

100.00→120.00

Maintain Buy

91.95

Weichai Power  
(02338)

Citigroup

42.00→50.00

Maintain Buy

41.00

Laopu Gold  
(06181)

Daiwa

Restore 910.00

Restore Buy

434.80

Chow Tai Fook  
(01929)

Daiwa

Restore 13.70

Restore Buy

12.22

Li Ning  
(02331)

Daiwa

Reinstated 27.00

Reinstated Buy

15.76

Citigroup

25.00→22.80

Maintained Buy

Shenhua  
(01088)

JPMorgan

44.00→44.50

Maintained Neutral

42.58

(nw)

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- [00012.HK](https://longbridge.com/en/quote/00012.HK.md)
- [00083.HK](https://longbridge.com/en/quote/00083.HK.md)
- [01113.HK](https://longbridge.com/en/quote/01113.HK.md)
- [01888.HK](https://longbridge.com/en/quote/01888.HK.md)
- [00016.HK](https://longbridge.com/en/quote/00016.HK.md)
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