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<Research>Nomura Cuts XTEP INT'L TP to HKD6.9; Core Brand Sales Lag Peers
Recommend 4 Positive 4 Negative 5 |
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XTEP INT'L (01368.HK)'s 1Q26 operating data fell short of market expectations, according to a Nomura research report. Specifically, the core Xtep brand recorded low single-digit YoY sales growth, underperforming industry peers like ANTA SPORTS (02020.HK) and 361 DEGREES (01361.HK). Nomura lowered its target price for XTEP INT'L from HKD7.5 to HKD6.9 but kept the Buy rating unchanged. Auto-translated by AI AASTOCKS Financial News |
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