Techtronic Industries 2H Outlook Seems Positive -- Market Talk

Dow Jones08-07

0853 GMT - Techtronic Industries' 2H outlook appears positive, Citi research analysts write in a note. The Hong Kong-based power-tool maker posted strong 1H results, and its flagship business, Milwaukee, shows promising growth prospects, with AI driving demand for specialized tools needed for power grids and data centers, they say. There hasn't been much of an order slowdown despite U.S. macroeconomic concerns, they note. Any tariff effects from a potential Trump presidency will likely be mild, and the company should be able to weather them, they add. Citi retains its buy rating on the stock and raises the target price to HK$120 from HK$116. Shares closed 3.5% higher at HK$94.75. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

August 07, 2024 04:53 ET (08:53 GMT)

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Any tariff effects from a potential Trump presidency will likely be mild, and the company should be able to weather them, they add. Citi retains its buy rating on the stock and raises the target price to HK$120 from HK$116. Shares closed 3.5% higher at HK$94.75. 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The Hong Kong-based power-tool maker posted strong 1H results, and its flagship business, ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BYTNYN87.SGD","symbol_name":"PINEBRIDGE ASIA EX JAPAN SMALL CAP EQUITY \"A5\" (SGD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2457289194","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457289194","pubTimestamp":1723020780,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0853 GMT - Techtronic Industries' 2H outlook appears positive, Citi research analysts write in a note. The Hong Kong-based power-tool maker posted strong 1H results, and its flagship business, Milwaukee, shows promising growth prospects, with AI driving demand for specialized tools needed for power grids and data centers, they say. There hasn't been much of an order slowdown despite U.S. macroeconomic concerns, they note. Any tariff effects from a potential Trump presidency will likely be mild, and the company should be able to weather them, they add. Citi retains its buy rating on the stock and raises the target price to HK$120 from HK$116. Shares closed 3.5% higher at HK$94.75. 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