HSBC downgraded DBS Group to Hold from Buy with a price target of S$36, down from S$40. The analyst says risks for sector loan growth, cost of funds pressure, and credit costs are "skewed to the downside."
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on DBSDY: