Stock Track | ZTE Soars 5.43% Intraday on Sector Rebound and Morgan Stanley Upgrade

Stock Track06-22

ZTE's stock price surged 5.43% during Monday's intraday session, marking a significant recovery for the communications equipment maker.

The rebound was primarily driven by a strong, broad-based recovery across the communications equipment sector, with several key peers also posting substantial gains. Additionally, the move was supported by Morgan Stanley's recent upgrade of ZTE H-shares to 'Overweight' with a target price of HKD 39, citing an expected earnings inflection point in the second half of the year and AI-related catalysts as key medium-term drivers.

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