[Morgan Stanley Upgrades Lenovo Rating to Overweight, Target Price HK$30] BlockBeats News, July 10 – AI is reshaping the memory market landscape, transforming Lenovo from a victim of cyclical pressure into a beneficiary of pricing power. Morgan Stanley has significantly upgraded Lenovo Group's rating and target price. The Morgan Stanley team led by Howard Kao raised Lenovo's rating from Neutral to Overweight, with the target price sharply increased from HK$14.20 to HK$30.00, representing an approximate 34% upside from the closing price of HK$22.32 on July 8. The report highlights that AI-driven demand has fundamentally altered the supply-demand dynamics of the memory market, enabling Lenovo to pass higher component costs onto customers while maintaining profit margins. The firm expects this trend to continue at least until the second half of 2026.