BofA Securities: Downgrades Samsonite (01910.HK) target price to HK$20, maintains "buy" rating.

According to the Securities Times app, Bank of America Securities released a research report stating that Samsonite International (01910.HK) is being continuously impacted by inflation pressure affecting consumer sentiment in its main markets. Excluding the impact of exchange rates in the second quarter, sales, adjusted EBITDA and post-tax net profit are expected to decrease by 1%, 20%, and 25% respectively. The target price has been revised down from HK$22 to HK$20, with a reiteration of a "buy" rating.