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<Research>Citi Lowers JOHNSON ELEC H's TP to HKD32; 3FQ Results Slightly Miss
Recommend 5 Positive 6 Negative 3 |
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JOHNSON ELEC H (00179.HK) posted slightly weaker-than-expected results for 3QFY26, according to a Citi research report. Due to the recent increase in copper costs, Citi has lowered its FY26-28 earnings forecasts for JOHNSON ELEC H by around 5%. Expecting JOHNSON ELEC H to face short-term pressure due to the disappointing results, Citi cut its target price for the company from HKD33 to HKD32 and kept the Neutral rating unchanged. AAStocks Financial News |
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