[ET Net News Agency, 18 December 2023] Morgan Stanley lowered its target price for
Topsports (06110) to HKD8.1 from HKD8.5 and maintained its "overweight" rating.
The research house said it trims sales forecast 4% for F24 to factor in a higher comp
base for 4Q. The F25 and F26 sales forecasts drop 6% each as industry growth has been
short of expectation. (RC)