RBC Capital raised the Swiss luxury goods group Lifeng's rating from “synchronizing with the market” to “outperforming the market” and raised the target price from CHF 200 to CHF 220, citing the fact that demand for jewellery has exceeded expectations, the watch business is gradually recovering, and profit growth is expected to accelerate.

RBC Capital raised the Swiss luxury goods group Lifeng's rating from “synchronizing with the market” to “outperforming the market” and raised the target price from CHF 200 to CHF 220, citing the fact that demand for jewellery has exceeded expectations, the watch business is gradually recovering, and profit growth is expected to accelerate.