0713 GMT - Li Ning is likely to continue experiencing muted sales growth in 2025, Nomura analysts write in a note as they lower the stock's target price to HK$20.30 from HK$20.90. Growth could be weighed by the Chinese sportswear company's muted store opening schedule, fierce competition within key product segments, and sluggish domestic consumption sentiment, the analysts say. They expect Li Ning to maintain 2025 sales growth in the low-single-digit percentage range. Nomura cuts its 2024-2026 sales forecast for Li Ning by 2%-7% to reflect its growth expectations for the company. The brokerage maintains a buy rating on the stock, which is up 3.1% at HK$15.12.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
January 14, 2025 02:16 ET (07:16 GMT)
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