HSBC analyst Raymond Liu downgraded Henderson Land to Reduce from Hold with a price target of HK$16.90, down from HK$20.90. The analyst no longer forecasts a housing market recovery in Hong Kong and now expects home prices to fall before stabilizing in the second half of 2024.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on HLDCY: