0402 GMT - WuXi AppTec keeps its bull at Nomura after its 3Q profit beat analysts' consensus estimate. The Chinese pharmaceutical services company raised its 2025 revenue and plans to spend less on capital expenditure, analyst Jialin Zhang says in a note. The company also agreed to sell its Chinese clinical research services unit, he says. The analyst raised his 2025 and 2026 earnings projections by 33.5% and 33.3%, respectively, to reflect factors such as enhanced efficiency and the unit disposal. Nomura reaffirms its buy rating and raises its target on WuXi AppTec's Hong Kong stock to HK$130.63 from HK$102.77. Nomura also raises its target on its Shanghai-listed shares to CNY118.83 from CNY93.49. Shares were last at HK$114.30 in Hong Kong and CNY105.73 in China. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
October 28, 2025 00:02 ET (04:02 GMT)
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