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Investing.com - Macquarie upgraded Leader Harmonious Drive Systems (SSE (LON:SSE):688017) from Neutral to Outperform on Monday, while significantly raising its price target to RMB164.00.
The upgrade follows Leader Harmonious Drive Systems’ second-quarter 2025 performance, which exceeded both Macquarie’s expectations and consensus estimates on strong sales growth, despite experiencing a year-over-year decline in gross profit margin.
Macquarie believes Leader Harmonious Drive Systems is approaching a turning point and will be a key beneficiary from robust collaborative robot demand growth across the industry.
The new price target represents a 126% increase from Macquarie’s previous valuation, reflecting heightened confidence in the company’s growth trajectory.
Macquarie specifically noted that Leader Harmonious Drive Systems is positioned to benefit from Tesla (NASDAQ:TSLA) humanoid robots across the supply chain.
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