[CITIC CLSA: Raises Lenovo Group's Target Price to HK$48.7, Maintains 'Outperform' Rating] BlockBeats News, August 17, CITIC CLSA released a report stating that Lenovo Group's fiscal Q1 2027 results, ending in June, significantly exceeded expectations, primarily driven by a sharp increase in server business revenue and profit margins. The report believes the group is transforming into a key player in the AI server market. The target price has been raised from HK$36 to HK$48.7, with the 'Outperform' rating maintained. The firm has also raised Lenovo's adjusted net profit forecasts for fiscal years 2027-2028 by 40% and 35%, to $4.4 billion and $4.8 billion, respectively, maintaining it as the top pick in the China tech sector.