Exane BNP Paribas downgraded HSBC to Underperform from Neutral with a 670 GBp price target. The analyst believes the bank’s margin headwinds are underappreciated and sees a step down in distributions.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on HSBC:
- HSBC Group: A Healthy Dividend Stock for Income Investors
- HSBC to launch new forex app Zing for non-customers, Bloomberg reports
- HSBC’s Zing to Compete with Fintech Startups in Forex Space
- Global banks cut over 60,000 positions in 2023, FT reports
- South Korea imposed fine of $20.4M on BNP, HSBC, Bloomberg says
