BofA ML lifts TPs of wind power stocks
Bank of America Merrill Lynch lifted the target prices of all the wind power stocks. HN RENEWABLES (00958.HK) remains the top pick of the broker among Chinese wind power stocks, with target price lifted to $2.4 from $2. CHINA LONGYUAN (00916.HK)'s target price was raised to $8 from $6.7. DATANG RENEW (01798.HK) was upgraded to Neutral from Underperform, with target price raised to $1.7 from $1.3.
The broker foresees more supporting measures for the wind power industry to be rolled out by the Chinese government soon.
The broker foresees more supporting measures for the wind power industry to be rolled out by the Chinese government soon.
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