Kingwu Finance News | Citigroup's research report pointed out that although Home Depot cut its performance guidance in the second quarter of 2024, the demand for Techtronic Ind's (00669) products has remained strong over the past year.

Due to the interest rate cuts in the USA/EU, financing costs are decreasing, the real estate market and construction activities may improve, and the bank will raise Techtronic Ind's profit forecast by 1-2% for 2025-2026. The bank believes that the Federal Reserve's rate cuts until 2026 are a bullish factor, and the rate reduction may strengthen demand. The bank has raised its target price to HK$140.