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.
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 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