Wei Dustin, an analyst from Morgan Stanley, maintained the Buy rating on Samsonite International SA. The associated price target is HK$26.00.
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Wei Dustin has given his Buy rating due to a combination of factors, including Samsonite’s resilient operating performance and earnings quality. The company delivered fourth-quarter sales broadly in line with expectations while notably outperforming on gross margin and EBITDA margin, supported by strong execution in premium brands like TUMI and solid demand in key Asian markets.
Wei Dustin’s rating is based on confidence that Samsonite can navigate geopolitical and cost-related headwinds while preserving profitability. Management’s limited direct exposure to the Middle East, disciplined inventory management, and commitment to sustaining margins alongside increased brand-building investments underpin an attractive risk-reward profile given the significant upside to the current share price.
According to TipRanks, Dustin is a 4-star analyst with an average return of 36.8% and a 32.26% success rate.
In another report released on March 21, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a HK$17.50 price target.