[ET Net News Agency, 15 August 2014] Deutsche Bank lifted its target price for Lenovo
(00992) to HK$13.2 from HK$12.8, and maintained its "buy" call.
The research house said Lenovo's solid 1QFY2015 performance warns against
underestimating the robust momentum for its core PC/NB and own-brand mobile device
business.
Deutsche Bank raised its FY2015-16 EPS by 2%/2% to reflect its better core business
outlook. It believes Lenovo's successful sales and margin expansion for PCs and
smartphones in overseas regions will continue to boost its earnings momentum and ease the
street's concern about slowing demand in China. (KL)