Samsonite downgraded to Hold from Buy at Jefferies

Jefferies downgraded Samsonite (SMSEY) to Hold from Buy with a price target of HK$14.62, down from HK$28.97. Around 32% of the company’s sales are expected to come from the U.S. in 2025, notes the analyst, who says there are uncertainties on the tariff scale and the impact on U.S. consumer demand.