HSBC downgraded CITIC Limited A shares to Hold from Buy with a price target of Rmb 25, up from Rmb 23.50. The analyst says the China brokers “may take a breather” as positives from policy support look priced into the shares and near-term revenue pressure remains.
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 – the ultimate source for real-time, market-moving breaking financial news. Try Now>>