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<Research>M Stanley: WUXI XDC (02268.HK)'s Shr Price to Rise Absolutely in Next 30 Days
Recommend
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Positive
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Negative
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Morgan Stanley issued a research report believing that the share price of WUXI XDC (02268.HK) will absolutely rise in the next 30 days, mainly due to the recent decline in the trading price of the stock, making its short-term valuation more attractive.

WUXI XDC announced a substantial out-licensing agreement involving its payload-linker technology platforms. Such agreements include upfront payments, milestone payments and potential sales royalties, all of which will help boost sales and profitability.

Therefore, the broker rated WUXI XDC at Overweight, with a target price of $86.

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