Goldman Sachs analyst Gurpreet Singh Sahi upgraded BOC Hong Kong (BHKLY) to Buy from Neutral with a price target of HK$53.30, up from HK$44.50. The firm notes that its upgrade reflects easing asset-quality risks, which in turn bring capital returns firmly into focus, while BOC HK’s liquidity-driven earnings levers remain intact, the analyst tells investors in a research note.
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