[ET Net News Agency, 28 November 2023] HSBC Global Research lowered its target price
for Chervon (02285) to HKD17.2 from HKD29.1 and maintained its "hold" rating.
The research house said it retains "hold" as Chervon continues to be affected by Lowe's
destocking and weak DIY demand, but the long-term structural growth in cordless OPE and
EGO's leadership remain intact. (RC)