Goldman Sachs published a report that lowered I&T Industries' revenue forecast for 2022 to 2025 by 5 to 7% to reflect lower expectations for DIY tools and floor care products. At the same time, the earnings forecast per share was lowered by 5 to 9%, and the target price was lowered from HK$113.5 to HK$102.9, and the rating was bought. The bank expects I&T to have limited revenue growth next year, only 3%. In the face of weak consumer spending, professional tools such as the Milwaukee brand will be the main driver. From 2024 to 2025, it may still take more time for there to be a clear recovery, but it is believed that I&T is still in a better position compared to its peers, especially in terms of profit margins.
高盛:将创科实业目标价由113.5港元下调至102.9港元 评级买入
Goldman Sachs: Lowered the target price of I&T Industries from HK$113.5 to HK$102.9 Rating to buy
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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Risk Disclaimer
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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