[ET Net News Agency, 2 July 2026] J.P. Morgan lowered the target price for Horizon Robotics (09660) to HKD10.6 from HKD13 and maintained the "overweight" rating.
The research house said it lowers 2026-28 revenue forecasts by 7-10% to reflect sluggish downstream demand and Horizon's expansion strategy involving competitive pricing and flexible cooperation. (rc)
The research house said it lowers 2026-28 revenue forecasts by 7-10% to reflect sluggish downstream demand and Horizon's expansion strategy involving competitive pricing and flexible cooperation. (rc)