JPMorgan upgraded Hongkong Land (HKHGF) to Overweight from Neutral with a price target of $4.90, up from $4.50. The firm believes the latest disposal of office floors in One Exchange Square at a 3.1% cap rate “demonstrates management’s ability to execute capital recycling” and also views the announcement of a share buyback program as a positive.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HKHGF:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue