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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMSEY: