Citi Adds ANTA SPORTS to 30-Day Positive Catalyst Watch, Sets Target at HK$108.8
Stock News
Jul 20
According to a research report, Citi has included ANTA SPORTS (02020) in its 30-day positive catalyst watch list. The bank noted that the company's second-quarter retail sales were in line with expectations, and its inventory and discount levels performed better than anticipated despite the challenging retail environment.
Citi continues to view ANTA SPORTS as its top pick in the Chinese sportswear sector and a preferred name among its top ten consumer stocks in China, citing attractive valuations. The firm maintains a "Buy" rating with a target price of HK$108.8.
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