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JPMorgan cuts UBTech target price to HK$74 in research report; initiates Unitree at underweight with RMB300 target

On September 29, JPMorgan released a research report titled "Humanoid Robots: Reassessing Industry Positioning," cutting UBTech's target price from HK$118 to HK$74 and downgrading it to Neutral, initiating coverage of Unitree at Underweight with a RMB300 target price implying 35% downside, maintaining Underweight on Estun, and keeping only Inovance Technology at Neutral.

Part of the event: JPMorgan research report downgrades UBTech rating and initiates coverage of Unitree at Underweight

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