Bank of America Securities has released a research report stating that LI NING (02331) achieved mid-single-digit growth in retail sales for the first quarter of this year. The report noted a discrepancy between the company's quarterly retail sales growth rate and its full-year revenue, but expressed confidence that LI NING can achieve its target of high-single-digit growth in annual revenue. The bank anticipates that the company's profits will hit a low point in 2025 and recover to a high-single-digit growth level by 2026. Bank of America Securities reaffirmed its "Buy" rating on LI NING, with a target price of HK$25.
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