Goldman Sachs analyst Gurpreet Singh Sahi downgraded Standard Chartered (SCBFF) to Neutral from Buy with a 937 GBp price target citing valuation. The firm also notes non interest income growth is elevated, structural hedging is relatively low, and reported accounts set to diverge more for FY25.
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 SCBFF:
- HSBC, Barclays, Standard Chartered look to tap into boom in U.S., Reuters says
- Standard Chartered Announces Board Reshuffle for 2024
- Standard Chartered Executes Major Share Buy-Back
- Standard Chartered price target lowered to 994 GBp at Morgan Stanley
- Standard Chartered PLC Reports Strong Q3 2024 Growth
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue