《大行報告》富瑞升安踏(02020.HK)評級至「買入」 目標價下調至100元
富瑞發表報告指,安踏(02020.HK)早前舉行了電話會議,就渠道庫存及增長挑戰等作出討論。而該行的檢查顯示,分銷商情緒已在7月的低谷有所恢復。
該行表示,集團更爲長期的將業務調整至DTC(直接至顧客)、「Fila」及「Amer」品牌,令該行對其業務更有信心。
富瑞將安踏股份評級由「持有」升至「買入」,目標價由114元下調至100元,並調低集團今年至2024年純利預測5%至7%,反映近期的封城、渠道庫存過多,及「Fila」品牌調整過程中起始效率較低。
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