Anta to Be Boosted by Stabilizing Retail Discounts -- Market Talk

Dow Jones04-18

0851 GMT - Stabilizing retail discounts amid healthy inventory levels could be the key driver for Anta Sports in 2024,Deutsche Bank analysts say in a research note. Anta's retail sales are on track to meet the company's 2024 target, they add, noting that sales for the Anta brand were up by mid-single digits in 1Q, while Fila brand sales were up by high-single digits, and those for other brands up 25%-30%. The analysts keep a buy rating for the Chinese sports equipment manufacturer, with a target price of HK$107.00. Shares closed 4.1% higher at HK$84.95. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

April 18, 2024 04:51 ET (08:51 GMT)

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The analysts keep a buy rating for the Chinese sports equipment manufacturer, with a target price of HK$107.00. Shares closed 4.1% higher at HK$84.95. 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