[ET Net News Agency, 20 December 2023] CICC lowered its target price for Xtep Int'l
(01368) to HKD5.69 and maintained its "outperform" rating.
The research house said given the rapid growth of footwear market, it expects synergies
between the main Xtep brand and Saucony in the mass market and mid-range to high-end
markets to drive high-quality growth. (RC)