Deutsche Bank initiated coverage of Agricultural Bank of China (ACGBF) with a Buy rating and HK$6 price target The firm sees “three major catalysts” driving share gains for the China banks: a re-rating of bank stocks supported by increasing likelihood of a soft landing, stabilized loan quality, and policy tailwinds.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACGBF:
- Agricultural Bank of China Appoints New Executive Vice President
- Agricultural Bank of China Completes RMB30 Billion Bond Issuance
- Agricultural Bank of China Approves Key Resolutions at 2024 AGM
- Agricultural Bank of China Updates Final Dividend Distribution Details for 2024
- Agricultural Bank of China Announces Leadership Changes