Goldman Sachs maintained a Buy rating for LI NING due to its 1Q26 sales performance being in line with management's expectations and full-year guidance. The company reported mid-single-digit year-on-year growth in adult retail sales, which, while at the lower end of market consensus, aligns with internal forecasts. The broker believes that if consumption trends remain stable, the second half of 2026 will show more favorable conditions for growth.
