智通财经网·2025-08-08 07:20Core Viewpoint - Morgan Stanley maintains an "overweight" rating for Techtronic Industries (00669), highlighting its resilience in growth despite tariff and macroeconomic uncertainties through vertical application expansion, channel cooperation enhancement, and capacity diversification [1] Group 1: Financial Forecasts - Morgan Stanley has adjusted its sales forecasts for Techtronic for 2025, 2026, and 2027 down by 2%, 3%, and 4% respectively, reflecting uncertainties in the outlook [1] - The annual profit forecast has been revised down by 6%, 8%, and 9% for the same periods, indicating a cautious approach due to potential impacts from changing tariff policies and a high-interest environment [1] Group 2: Target Price Adjustment - The target price for Techtronic has been reduced from HKD 124 to HKD 115, aligning with the revised forecasts and the anticipated slowdown in revenue growth in the second half of the year [1]