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<Research>Citi Opens 30-day Upside Catalyst Watch on TOPSPORTS (06110.HK) w/ Rating Buy
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Citi Research published a research report opening a 30-day upside catalyst watch on TOPSPORTS (06110.HK). The report noted that Nike's recent announcement of significant executive restructuring, placing brand presidents and geography leaders on the same level to streamline its structure. Citi Research anticipated that Nike's China leadership team will gain more global authorization, greater operational flexibility and richer brand resources, driving the recovery of its China market business (accounting for approx. 50-60% of TOPSPORTS' sales) next year. Therefore, the broker rated TOPSPORTS at Buy, with a target price of $3.75. AASTOCKS Financial News Website: www.aastocks.com |
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