JPMorgan upgraded Wharf Real Estate Investment (WRFRF) to Overweight from Underweight with a price target of HK$27.50, up from HK$17. Hong Kong retail sales turned positive in May for the first time since February 2024, notes the analyst, who is “not arguing for a big recovery,” but sees signs of stabilization and “tactically” upgrades Wharf REIC.
Don’t Miss TipRanks’ Half-Year Sale
- 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 WRFRF: