Citi analyst Andrew Coombs lowered the firm’s price target on HSBC (HSBC) to 970 GBp from 990 GBp and keeps a Buy rating on the shares.
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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HSBC:
- HSBC downgraded to Neutral from Buy at BofA
- HSBC to exit its business banking portfolio in U.S., Reuters reports
- HSBC disbands smaller business banking division, WSJ reports
- NowVertical secures up to $26M financing with HSBC
- HSBC cut over two dozen analysts in investment banking overhaul, Bloomberg says