Citi: Cuts Lenovo Group (00992.HK) target price by 20% to HK$40, maintains "Buy" rating.

Citi released a research report stating that it has lowered the target price for Lenovo Group (00992.HK) by 20%, from HK$50 to HK$40, reflecting the potential share dilution impact from convertible bonds and warrants, as well as updates to its valuation model, while maintaining a "Buy" rating.