Anxin securities maintains Chongqing Fuling Zhacai Group Co.Ltd(002507) buy rating: price increase plus cost reduction, highlighting the elasticity in 2022, and the target price is 45.0 yuan

Anxin securities released a research report on April 27, saying that it maintained the purchase rating of Chongqing Fuling Zhacai Group Co.Ltd(002507) ( Chongqing Fuling Zhacai Group Co.Ltd(002507) .sz, latest price: 35.33 yuan), and the target price was 45.0 yuan. The reasons for rating mainly include: 1) steady progress in price increase and monthly improvement in income; 2) Gross profit pressure caused by rising costs, and 22q2 is expected to ease; 3) The diversified development of categories, the continuous sinking of channels, the decline of cost certainty and the prominent elasticity in 2022. Risk warning: channel sinking is less than expected, category expansion is less than expected, and raw material price fluctuation risk.

AI comments: Chongqing Fuling Zhacai Group Co.Ltd(002507) in the past month, it has received attention from 6 Securities Companies’ research reports, bought 4 and increased its holdings of 1. The average target price is 43 yuan, which is 7.67 yuan higher than the latest price of 35.33 yuan, and the average target price increases by 21.71%.

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