大摩升蒙牛(02319.HK)目标价至22.5港元 上调盈测

Group 1 - Morgan Stanley has raised the target price for Mengniu Dairy (02319.HK) to HKD 22.5 and adjusted earnings forecasts upward [1] - The firm expects continued weak demand for Mengniu's products this year, with new products requiring time to drive growth [1] - Sales forecasts for the next two years have been reduced by 2%, with expected growth rates of 1% and 4% respectively [1] Group 2 - Operating profit margin estimates for this year have been increased by 0.4 percentage points, while next year's estimates have been raised by 0.5 percentage points [1] - Earnings per share estimates have been raised by 7% and 9% for this year and next year, respectively [1] - The projected earnings per share for 2027 is set at RMB 1.72 [1]