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<Research>JPM Slightly Raises TECHTRONIC IND (00669.HK) TP to $136, Anticipates Industry Demand Beat
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JP Morgan released a research report, updating its forecast model for TECHTRONIC IND (00669.HK), and making slight adjustments to its earnings forecast, which remained several percentage points above street consensus. The target price was slightly raised from HKD135 to HKD136. Despite potential weakness in short-term U.S. consumer data amid macro uncertainties, both the professional and retail product markets of TECHTRONIC IND demonstrated resilience. The industry demand was believed to be much stronger than some brokers perceived, with no apparent signs of deterioration at present. Therefore, the Overweight rating was retained. AASTOCKS Financial News Website: www.aastocks.com |
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