Group 1 - Truist Securities raised the target price for Citigroup from $99 to $105, maintaining a "Buy" rating [1]

Group 1 - Rosenblatt Securities raised the target price for Alphabet (GOOGL.US) from $191 to $224 [1]

Group 1 - Goldman Sachs has lowered the sales forecast for China National Pharmaceutical Group (03933) for the years 2023 to 2027 by 17.7% to 17.8% [1] - The earnings forecast has been reduced by 28.4% to 35.6% [1] - The firm expects a weak price cycle for antibiotic active pharmaceutical ingredients over the next two years [1] Group 2 - The sales of the company in the first half of the year increased by 5% year-on-year to 7.5 billion RMB [1] - Core business revenue decreased by 15% year-on-year to 6.1 billion RMB, which was below the firm's expectation of 6.5 billion RMB [1] - Profit increased by 27% year-on-year to 1.9 billion RMB, but core profit declined and was below the firm's expectations [1] Group 3 - The firm has raised the target price for the stock from 15.29 HKD to 16.07 HKD, maintaining a "neutral" rating [1] - The sales forecast for high-margin insulin products has been increased by 27% to 30%, benefiting from incremental sales due to exports [1] - The company's gross margin for intermediates and bulk pharmaceuticals has been eroded, and increased administrative expenses due to business expansion consulting fees have been noted [1]

格隆汇9月3日｜投行Citizens将谷歌目标价从225美元上调至250美元。 ...

摩根士丹利将Palo Alto Networks的目标价从210美元上调至216美元，维持"增持"评级。(格隆汇) ...

来源：格隆汇APP 瑞银上调中信证券2025至2027财年盈利预测3%至6%，同时上调期内市场平均日交易额预测14%、14% 及12%，至1.6万亿、1.6万亿与1.7万亿元；融资融券及证券借贷余额预测上调9%、12%与15%，至2.4万 亿、2.6万亿及2.7万亿元；总投资收益率预测上调0.2、0.2及0个百分点，至4%、4%与4.1%，因沪深300 指数年内至今上涨15%。该行将中信证券的目标价由29.6港元上调至37.64港元，维持"买入"评级。 瑞银发表研究报告指，中信证券上半年净利润为137亿元，按年增长30%，达到市场预期2025财年预测 的54%，又认为中信证券拥有最大的股票ETF规模，其将从ETF结构性增长中显著受益。 ...

Core Viewpoint - The management of Minth Group (00425) reaffirmed guidance for double-digit growth in both revenue and net profit for the year, with net profit growth expected to outpace revenue growth [1] Financial Performance - The operating expense ratio is expected to remain stable or slightly decrease [1] - The new order target has been raised to 15 billion RMB [1] - Capital expenditure guidance is set at 2 billion RMB [1] - Free cash flow is expected to continue improving [1] Earnings Forecast - Jefferies has raised its earnings forecasts for Minth Group for the fiscal years 2025 and 2026 to 2.7 billion RMB and 3.2 billion RMB, respectively [1] - The target price has been increased from 21.5 HKD to 32.1 HKD, while maintaining a "Hold" rating [1]

Core Viewpoint - Goldman Sachs reports that China Aluminum (601600)(02600) achieved a net profit of 7.1 billion RMB in the first half of the year, with earnings per share of 0.412 RMB, reflecting a year-on-year growth of 1% [1] Financial Performance - Goldman Sachs has raised its profit forecast for China Aluminum for 2025-2026 by 11% to 15%, expecting regular net profits to remain strong at 13.3 billion RMB in 2025 and 14 billion RMB in 2026 [1] - The free cash flow yield for the next two years is projected to reach 22% [1] Price Forecasts - The target price for China Aluminum's H-shares has been increased from 6.3 HKD to 7.6 HKD, maintaining a "Buy" rating [1] Margin Adjustments - The forecast for alumina gross margins has been raised by 30% to 70% for the next two years, reflecting higher average selling prices achieved in the first half of the year [1] - However, due to expected acceleration in imports from Guinea, the profit forecast for self-supplied bauxite alumina has been lowered, with import bauxite prices adjusted down from 90 USD per ton to 75 USD per ton for the second half of this year through 2026 [1] - The alumina production forecast for 2026 has been increased by 9%, reflecting the full production of the Guangxi Huasheng project [1] - The aluminum gross margin forecasts for 2025-2026 have been reduced by 12% to 18%, reflecting higher operating costs observed in the first half of the year, with unit operating cost estimates raised by 5% to 6% [1]

Core Viewpoint - The report from CICC indicates that Zijin Mining's mid-term performance meets expectations, with significant revenue and profit growth in the first half of the year [1] Financial Performance - Zijin Mining achieved operating revenue of 167.71 billion RMB, representing a year-on-year increase of 11.5% [1] - The net profit attributable to shareholders reached 23.29 billion RMB, showing a year-on-year growth of 54.41% [1] Future Outlook - CICC forecasts a systematic increase in the company's copper, gold, and lithium production in the long term, leading to accelerated performance release [1] - The net profit forecasts for the next two years have been raised by 9% and 22%, reaching 45.8 billion RMB and 54.8 billion RMB respectively [1] Stock Ratings and Price Targets - CICC maintains a "outperform" rating for Zijin Mining's A-shares and H-shares [1] - The target price for A-shares has been increased by 26.1% to 29 RMB, while the target price for H-shares has been raised by 40.1% to 30 HKD [1]

Group 1 - Bank of America has raised eBay's target price from $89 to $101 while maintaining a "Neutral" rating [1]