BofA upgraded HSBC (HSBC) to Buy from Neutral with a price target of 1,300 GBp, up from 1,160 GBp. The firm cites the bank’s growth and strategy execution for the upgrade. Hong Kong deposits and Asia wealth offer “significant growth” potential for HSBC in 2026, the analyst tells investors in a research note. BofA believes the company has a significant competitive advantage in both areas.
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