VTECH HOLDINGS (00303.HK) +0.350 (+0.380%) 
Short selling $7.78M; Ratio 18.945% has made good preparation of stocking for Christmas and most of the new toys have been put on shelves in the U.S. and Europe, Citigroup said in a report. However, the broker reduced the company's earnings forecasts for 2015-17 by 2-3% on greater efforts in offering discount for kids' tablet products. Target price was lowered from $120 to $115.
VTECH HOLDINGS has fallen 14% recently, providing a good entry opportunity, Citigroup said. The broker believes the stock can outperform its peers and achieve the 2015 results target, so the Buy rating has been maintained.
Short selling $7.78M; Ratio 18.945% has made good preparation of stocking for Christmas and most of the new toys have been put on shelves in the U.S. and Europe, Citigroup said in a report. However, the broker reduced the company's earnings forecasts for 2015-17 by 2-3% on greater efforts in offering discount for kids' tablet products. Target price was lowered from $120 to $115.VTECH HOLDINGS has fallen 14% recently, providing a good entry opportunity, Citigroup said. The broker believes the stock can outperform its peers and achieve the 2015 results target, so the Buy rating has been maintained.
Comments
Post a Comment