智通财经APP获悉，瑞银发布研报称，由于美国关税比预期更重且范围更广，将新秀丽(01910)评级由“买入”降至“中性”，目标价由28.7港元降至15港元。该行预计北美市场会受到显著的需求及毛利影响，并表示虽然对公司的长期增长潜力保持正面看法，但预计公司近期盈利会面临挑战。该行称，目前市场行情波动可能会延迟公司到美国第二上市的时间表。
该行表示，公司目前估值合理，降低评级的空间有限，全球衰退或许会反映出进一步的盈利下行情况。预期今年北美市场的销售会下跌15%，整体销售下跌7%，反映出一个比2019年更严重的下行周期，并将今年的经调整EBITDA毛利收缩220个基点至16.9%。
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