Deutsche Bank initiated coverage of Bank of China (BACHY) with a Buy rating and HK$5.70 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.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds