Zhi Tong Cai Jing·2025-11-28 04:00Core Viewpoint - Morgan Stanley has updated its forecast model for Techtronic Industries (00669), making slight adjustments to its earnings predictions, which remain several percentage points above market expectations [1] Group 1: Earnings Forecast - The earnings forecast has been slightly adjusted, but it is still higher than market expectations by several percentage points [1] - The target price has been slightly raised from HKD 135 to HKD 136 [1] Group 2: Market Analysis - Despite potential short-term weakness in U.S. consumer data amid macroeconomic uncertainties, the professional and retail product markets of Techtronic Industries show resilience [1] - The industry demand is believed to be stronger than what some brokerages have suggested, with no significant signs of deterioration observed [1] Group 3: Investment Rating - The company maintains an "Overweight" rating based on the current analysis [1]