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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly