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<Research>Citi Expects Tariff Impact on TECHTRONIC IND (00669.HK) to Be Mild, Sees Shr Price Pullback as Buying Opportunity
Recommend 11 Positive 6 Negative 3 |
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The US government has comprehensively reformed Section 232 tariffs, imposing a 50% tariff on imported steel and aluminum products and a 25% tariff on derivative products starting 6 April, Citi Research issued a research report saying. The broker believed that this tariff impact on TECHTRONIC IND (00669.HK) will be mild. Citi Research believed that, if TECHTRONIC IND's share price pulls back on the related news, it would provide a better buying opportunity. Therefore, the broker now assigned a target price of $150 and rating at Buy for TECHTRONIC IND. Within the global power tools sector, Citi Research's stock preference for Buy-rated stocks is TECHTRONIC IND, GREAT STAR IND (002444.SZ) and Stanley Black & Decker (SWK.US), while the broker rated CHERVON (02285.HK) at Sell. Auto-translated by AI AASTOCKS Financial News |
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