HSBC analyst Daniel Yang downgraded Dongfang Electric to Hold from Buy with a price target of HK$12.20, down from HK$16.20. The analyst cites slowing coal power equipment revenue growth for the downgrade.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly