Analysts Conflicted on These Consumer Cyclical Names: Prada SpA (OtherPRDSF), Ford Motor (F) and Domino's Pizza (DPZ)

TipRanks38minutes ago

Xiaomo reduced its holdings of Samsonite (01910.HK) by about 2,446 million shares at a price of about HK$27.76 per share

According to the latest data from the Hong Kong Stock Exchange, on April 22, Xiaomo reduced its holdings of Samsonite (01910.HK) by 2,446.21 million shares, at a price of HK$27.7579 per share, for a total amount of about HK$678.964 million. After the holdings were reduced, the latest number of shares held was approximately 86.825,600 shares, and the latest shareholding ratio was 5.95%.

Zhitong Finance15:24

Bank Rating | Jefferies: Maintaining Tai Fook's “Buy” Rating, Target Price Reduced to HK$15.88

Glonghui, April 26 | Jefferies published a research report stating that it is believed that Chow Tai Fook's management strategy is to improve operating profit margins through years of rebranding, and believes it is the right direction. However, considering the relatively weak consumer sentiment in the Mainland and Hong Kong markets, the market and the bank's net profit forecast for Chow Tai ?$#@$ did not take into account strong sales growth and profit margin expansion. Currently, the stock's valuation is equivalent to predicting a price-earnings ratio of 12 times the 2025 fiscal year and a dividend rate of 5%, which is not considered expensive. Considering the year-end operating data for the fiscal year ending at the end of March, the bank increased Chow Tai FY 2024's earnings forecast by 4%, while the 2025 and 2026 fiscal years decreased by 2% and 6%, respectively. This line

Gelonghui Finance11:09

Bank Rating | Jefferies: Raising Prada's Target Price to HK$64 to Maintain “Hold” Rating

Jefferies published a research report. Prada's strong performance in the first quarter shows that in the face of unstable demand in the luxury goods industry, the difference in performance between winners and laggards is getting bigger. The group's brand Miu Miu continues to drive growth. Investors are expected to be happy that the strong growth trend will continue into the second quarter. However, Jefferies cautioned that it is currently unclear whether Prada's strong performance represents the latest developments in a wider range of industries. The company maintains a “holding” rating. The target price was raised from HK$58 to HK$64.

Gelonghui Finance11:07

Big Bank Ratings | Damo: Raising Prada's target price to 67 Hong Kong heads of state's quarterly performance is positive

Glonghui, April 26 | Morgan Stanley published a report. Due to Prada's positive performance, the target price was raised from HK$65 to HK$67, and the rating “increased”. According to the bank, the Group's organic year-on-year growth rate in the first quarter was 16.5%, higher than market expectations of 13.7%. First-quarter revenue was also 2.3% higher than market expectations. The increase in performance was mainly due to the strong performance of its Miu Miu subsidiary. Management said during the conference call that the 2025 store opening plan includes Miu Miu's net increase of 10 to 15 stores and Prada's net increase of 5 to 10 stores.

Gelonghui Finance10:43

CICC: Maintaining Prada's (01913.HK) “Outperform the Industry” rating target price and raising the target price to HK$75

CICC released a research report stating that maintaining the Prada (01913.HK) “outperforming the industry” rating, based on the continued strong momentum of the Prada and Miu Miu brands, raised the 2024 and 2025 revenue forecasts by 3% to 5.196 billion euros and 5.616 billion euros, and raised the 2024 and 2025 net profit forecasts 7% and 6% to 757 million euros and 867 million euros based on the faster growth rate of the leather goods sector with impressive profit margins. The company announced the 1Q24 revenue update: Group revenue increased +16% year-on-year at a fixed exchange rate, financial report disclosed

Zhitong Finance09:17