October 18, 2026 11:00 PM GMT Lenovo | Asia Pacific 2QF27 Preview – Upside Driven by ISG | What's Changed | | | | --- | --- | --- | | Lenovo (0992.HK) | From | To | | Price Target | HK$46.00 | HK$49.00 | IDC reported weaker PC units, largely offset by higher ASPs. Strong general server and AI server demand for cloud and Neoclouds should drive a stronger ISG top-line, which we think the market underestimates. Reiterate OW, raise PT to HK$49. Key Takeaways We upgraded Lenovo to OW on July 9, and we think risk ...