UBS: Upgraded rating of Xtep International (01368.HK) to "Buy", raised target price to HK$7.6

According to the Chinese financial news app, Zhixin Finance, UBS has released a research report stating that it has upgraded the rating of Anta Sports (01368.HK) from "neutral" to "buy", raised the target price from 6.4 Hong Kong dollars to 7.6 Hong Kong dollars, and increased the net profit forecast for 2025 to 2027 by 1% to 9%. It is expected that the profit contribution from its brands Saucony and Merrell will significantly increase from 5% in 2024 to 16% in 2027. Additionally, the bank is bullish on Li-Ning (02020.HK), expecting the profit contribution from its vertical brands to increase from 9% in 2024 to 31% in 2027, maintaining a "buy" rating and a target price of 127 Hong Kong dollars.