---
title: "Morgan Stanley: Techtronic Industries' performance in the second half of last year was roughly in line with expectations, rating \"Overweight\""
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277719396.md"
description: "Morgan Stanley released a report stating that the performance of Techtronic Industries for the fiscal year 2025 met expectations. Sales in the second half of last year were USD 7.43 billion, a year-on-year increase of 2%, but a quarter-on-quarter decrease of 5%. The decline in sales was mainly due to the suspension of Milwaukee product sales and tariff impacts. Sales in North America decreased by 1% year-on-year, while Europe grew by 15%. Morgan Stanley maintains a target price of 130 yuan and a rating of \"Overweight.\""
datetime: "2026-03-04T03:37:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277719396.md)
  - [en](https://longbridge.com/en/news/277719396.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277719396.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/277719396.md) | [繁體中文](https://longbridge.com/zh-HK/news/277719396.md)


# Morgan Stanley: Techtronic Industries' performance in the second half of last year was roughly in line with expectations, rating "Overweight"

Morgan Stanley's research report pointed out that Techtronic Industries (00669.HK) announced its performance for the fiscal year 2025 yesterday, with sales in the second half of last year amounting to USD 7.43 billion, a year-on-year increase of 2%, but a decrease of 5% compared to the previous half, slightly below Morgan Stanley and market consensus expectations. This reflects a pause in the sales of some Milwaukee products and the particularly severe impact of tariffs on promotional activities, with North American sales down 1% year-on-year, compared to a 5% increase in the second half of 2024, while Europe saw a 15% increase, compared to a 14% increase in the second half of 2024.

Morgan Stanley set a target price of 130 HKD for the group, with a rating of "Overweight."

### Related Stocks

- [Techtronic Industries Company Limited (TTNDY.US)](https://longbridge.com/en/quote/TTNDY.US.md)
- [TECHTRONIC IND (00669.HK)](https://longbridge.com/en/quote/00669.HK.md)

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