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Investing.com - Jefferies upgraded Sany Heavy Equipment (SS:600031) (OTC:SNYYF) from Hold to Buy and raised its price target to RMB26.00 from RMB20.00.
The upgrade follows Sany’s first-half 2025 results, which exceeded consensus expectations with accelerating domestic revenue growth and expanding profit margins.
Jefferies noted the company’s strong performance has boosted optimism for construction machinery demand and Sany’s growth prospects both domestically and internationally.
The firm highlighted Sany’s continued focus on three strategic areas: globalization, electrification, and intelligentization as key drivers for future growth.
Jefferies believes Sany’s established track record in ASEAN countries, Africa, and South America positions the company better than domestic competitors to successfully enter developed markets in Europe and the United States.
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