Goldman Sachs downgraded BOC Hong Kong (BHKLY) to Neutral from Buy with a price target of HK$29.50, down from HK$31.90. The firm lowered its FY25-27 EPS estimates for Hong Kong banks by 14%, 19% and 15%, respectively, on average as it lowered net interest margin estimates and raised credit costs.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for 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 BHKLY: