BofA Securities: Cuts China Resources Beer (00291.HK) target price to HK$26.6; lowers this year and next year's earnings per share forecasts by 14% to 15%

Zhitong Finance APP has learned that BofA Securities issued a research report stating that it has lowered China Resources Beer's (00291.HK) earnings per share forecasts for 2026 and 2027 by 15% and 14%, respectively, to reflect expected softer third-quarter performance, China's macroeconomic uncertainty, and persistent cost pressures, and has cut its target price from HK$29.1 to HK$26.6 while reiterating its "Buy" rating.