Goldman Sachs analyst Gurpreet Singh Sahi removed BOC Hong Kong from the firm’s Conviction List but keeps a Buy rating on the shares with a price target of HK$33.90, down from HK$43.80. The analyst expects the company will have lower net interest margin beta in this late rate hike cycle.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly