Morgan Stanley initiates AnE Logistics (09956) with an "overweight" rating, a target price of HK$11.7, optimistic about the growth potential of the less-than-truckload express delivery leader.

According to the Wise Finance APP, Morgan Stanley released the first research report covering Aneng Logistics (09956) on September 3, giving it an "Overweight" rating with a target price of 11.7 Hong Kong dollars. As of the close of September 2, Aneng Logistics' stock price was 8.10 Hong Kong dollars. Based on the target price, the potential upside is 44%.