大摩：微降海天味业(03288)目标价至40港元 评级“增持”

Group 1 - Morgan Stanley has lowered its revenue and profit forecasts for Haitian Flavor Industry (03288) for the years 2025 to 2027 by 1% and approximately 3% respectively [1] - The bank has revised its revenue forecast for the company's fourth quarter of last year from a high single-digit growth to a mid single-digit growth, primarily due to macroeconomic slowdown and weak dining demand [1] - It is anticipated that gradual recovery in the macro economy and pipeline expansion will support the company in achieving high single-digit revenue and profit growth in 2026 and 2027 [1] Group 2 - Morgan Stanley has slightly reduced the target price for the company from HKD 41 to HKD 40, maintaining an "Overweight" rating [1]