Samsonite upgraded to Buy from Hold at Jefferies

Jefferies analyst Anne Ling upgraded Samsonite (SMSEY) to Buy from Hold with a price target of HK$22, up from HK$14.62. The firm, which has turned more positive on the company’s sales outlook with recovery in Asia and Europe and Q4-to-date returning to positive sales growth at constant currency, also notes that the company intends to complete its dual listing in the U.S. in 2026.