TTNDY - Techtronic Industries: Consider Earnings Headwinds And Share Gain Potential (Rating Downgrade)

2025-05-09 12:36:13 ET

Summary

• I'm lowering my rating for Techtronic Industries from Buy to Hold; the ongoing trade war has both positive and negative implications for the stock.
• The "Liberation Day tariffs" pose downside risks to TTNDY's FY 2025 results, as seen with its competitor Stanley Black & Decker's guidance.
• But TTNDF has a good chance of outperforming sub-scale competitors and expanding its market share in the new environment.

My view of Techtronic Industries Company Limited ( OTCQX:TTNDY ) ( OTCQX:TTNDF ) (0669.HK) or "TICL" has become Neutral.

I previewed the company's 2H24 performance in the prior January 16, 2025 write-up . ...

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