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Market Climbs as Investors Prepare for Biggest Earnings Week of the Year | Live Stock
Express News | Brian Weinstein Will Be Appointed as Head of Emea Global Markets at BofA - Memo Seen by Reuters
Goldman Sachs Adjusts Price Target on Bank of America to $49 From $48, Maintains Buy Rating
Bank of America Merrill Lynch: rates techtronic ind as a buy, target price raised to 125 Hong Kong dollars
Bank of America Securities released a research report stating that last week they arranged for investors to visit Techtronic Industries (00669)'s professional tool brand Milwaukee factory; Milwaukee contributed 65% to Techtronic's total sales. Participants had a positive response to this event. During the loose monetary policy of the Federal Reserve, the bank raised the target valuation multiple to a forecasted PE ratio of 23 times next year, and slightly updated the forecast for Techtronic, with the target price increasing from 108 Hong Kong dollars to 125 Hong Kong dollars accordingly, rating it as a "buy". The bank stated that even with a slowdown in construction spending, Milwaukee's sales are expected to increase by 11% compared to last year. The report mentioned,
Bank of America Securities: Maintains a "neutral" rating on China Res Power, with the target price lowered to 22.4 Hong Kong dollars.
Bank of America Securities released a research report stating that although the roi of China Res Power is higher than the industry average, with a dividend yield of 5.4%, the risks of its wind energy/cecep solar energy business are increasing. Therefore, they maintain a 'neutral' rating on China Res Power (00836), lowering the target price from HK$25.2 to HK$22.4. They also decreased their 2025 roi prediction from 15% to 13%. The bank expects that the rights issue of China Res Power will dilute the profit forecast for 2025 by 6%, causing a 0.8 percentage point decrease in roi. The bank lowered the average earnings per share forecast for China Res Power from 2025 to 2026 by 19% to reflect the rights issue and.
Credit Card Delinquencies Rise, Net Charge-offs Fall in September: Credit Pulse