[ET Net News Agency, 13 September 2021] Morgan Stanley lowered its target price for
Shanghai Fudan (01385) to HK$28.02 from HK$28.29 and maintained its "equal-weight" rating.
The research house said it raises its 2021, 2022, and 2023 EPS estimates by 7%, 8%, and
8%, respectively, due mainly to higher sales and gross margin assumptions and a lower
effective tax rate. (RC)