As previously rHSBC upgraded Grab Holdings (GRAB) to Buy from Hold with a $6.20 price target The firm cites valuation for the upgrade. Grab’s valuation as “turned attractive” following the recent selloff and Street expectations have come down, the analyst tells investors in a research note. HSBC believes the company’s growth drivers remain intact. It expects Grab to “continue to strengthen its leadership position due to its ability to continuously roll out innovative and affordable products.” The stock in morning trading is up 1% to $4.45.
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