Jefferies upgraded Sino Land (SNLAY) to Buy from Hold with a price target of HK$9.30, up from HK$9. The U.S. election outcome drove the U.S. dollar and long end yield higher, notes the analyst, who argues that Sino “sits uniquely to benefit from lower mortgage rates and elevated yield at longer tenure.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNLAY: