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Bank of America Revamps Lenovo Stock Price Target for 2026
This article first appeared on GuruFocus. Bank of America upgraded Lenovo (LNVGF) (LNVGY) to Buy from Neutral after a blowout fiscal first quarter, arguing that a sharp acceleration in servers is changing the earnings profile of a company still widely associated with PCs. The bank lifted its price target to $117.69 from $67.20 as Lenovo's AI infrastructure business …