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Greenridge: Upgrades Yuchai International to Buy Rating, Raises Target Price to $60
16 hour ago /
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Author：小编
Overseas research institution Greenridge Global released a research report, upgrading Yuchai International's investment rating from Hold to Buy and raising the target price from $45 to $60. The core rationale for the upgrade is the high prosperity of the domestic commercial vehicle market, with strong demand for high-horsepower engines. Sales of medium and heavy-duty commercial vehicles increased by 35% and 30% year-on-year, respectively. Demand for data center generator sets exceeds production capacity, and Yuchai's planned expansion of high-horsepower engine production capacity is proceeding as scheduled.
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