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<Research>Daiwa Elevates TECHTRONIC IND (00669.HK) TP to $143, Rating Buy
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Daiwa published a research report expressing confidence in the earnings growth prospects of TECHTRONIC IND (00669.HK) over the next 2-3 years, mainly driven by strong demand for the Group's Milwaukee brand, the elimination of certain one-off costs in 2025 and a clear path for margin expansion. The broker projected TECHTRONIC IND to release operating leverage by saving on sales, management & administrative expenses during 2026-2027, aiming to achieve an internal EBIT margin target of 10% in 2027. Therefore, the broker elevated its target price from $120 to $143, with rating kept at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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