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<Research>Macquarie Lifts SJM HOLDINGS (00880.HK) TP to $2, Slightly Raises Adj. EBITDA Forecasts
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SJM HOLDINGS (00880.HK) gained market share in 1Q25, according to Macquarie's research report. Based on its strong performance in April, Macquarie slightly raised its FY2025-FY2027 adjusted EBITDA forecasts for SJM HOLDINGS by 0.4%/ 0.1%/ 0.1% each, mainly in light of the higher revenue growth forecasts, partially offset by lower adjusted EBITDA margin forecasts. Therefore, the broker lifted its target price for SJM HOLDINGS by 5% to $2 from $1.9, with rating at Neutral. AAStocks Financial News |
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