China Yuchai price target raised to $15 from $12.50 at Greenridge

Greenridge raised the firm’s price target on China Yuchai to $15 from $12.50 and keeps a Buy rating on the shares. The company’s first half results were “promising,” with better on-road engine sales than expected, the analyst tells investors in a research note. The firm says China Yuchai’s underlying fundamentals look better than in recent periods.