Glonghui, March 8 | J.P. Morgan Chase published a research report stating that I&T's industrial fundamentals are gradually improving, and productivity increases in developed markets, the company will continue to lead the industry this year or beyond. The bank believes the company can seize the next phase of growth in the industry and help its flagship brand, Milwaukee (Pro), achieve double-digit revenue growth over the next five years. Furthermore, the company's medium-term target is to achieve an EBIT margin of 10% by 2026. The bank maintained its net profit forecast for I&T after tax for the 2024-26 fiscal year, raised the target price from HK$107 to HK$120, and maintained an “incremental” rating.
大行评级｜摩根大通：上调创科实业目标价至120港元 维持“增持”评级
Bank Rating | J.P. Morgan Chase: Raising the target price of I&T Industries to HK$120 to maintain “gain” rating
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