Goldman Sachs downgraded Hongkong Land to Neutral from Buy with a price target of $3.90, down from $6.10. The firm describes the downgrade as “a relative call” reflecting its belief that the Hong Kong office market would be the last segment to recover since it will take time to absorb the vacancy in Central districts.
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>>