Daiwa: Reiterates Buy Rating on Chervon Holdings (02285.HK), Target Price HK$40; Hires Four More Former TTI and Milwaukee Executives

Zhito Finance APP has learned that Daiwa issued a research report reiterating the "Buy" rating on Chervon Holdings (02285.HK), with a target price of HK$40, corresponding to a forecast P/E of about 15x for 2027. Joe Galli, former CEO of Techtronic Industries (00669.HK), joined Chervon Holdings last month, and the company recently announced that its North American business will appoint 4 new executives, all of whom have worked at Techtronic Industries or Milwaukee for more than ten years.