Goldman Sachs analyst Thomas Wang reiterates a Buy rating on Prudential plc added the shares to the firm’s Conviction List with an 1,898 GBp price target. Following the resumption of quarantine-free travel between mainland China and Hong Kong, Prudential Plc should show a "strong surge" in sales to mainland Chinese visitors, Wang tells investors in a research note. The analyst expects investors to shift their focus to the company’s improving visibility on corporate strategy over the next 12 months after the incoming CEO assumes his role in February.
Published first on TheFly
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