Morgan Stanley Cuts Weichai Power Target Price To HK$46

Morgan Stanley lowered its target price on Weichai Power (02338) to HK$46 from HK$47 and kept an Overweight rating. According to ETNet, the broker raised its 2027-28 revenue forecasts for Weichai Power by 4% each and its net profit forecasts by 15% each, citing a stronger growth outlook for artificial intelligence data centre products. It said it made slight adjustments to its 2026 assumptions, leaving its 2026 forecasts broadly unchanged.