[ET Net News Agency, 10 January 2024] J.P. Morgan raised its target price for
Techtronic (00669) to HKD107 from HKD96 and maintained its "overweight" rating.
The research house said it believes 2023 marks the year of normalization for the working
capital, FCF generation and (to some extent) guidance style. It expects the spotlight to
return to Techtronic's marketshare gain story and product innovation. (RC)