tiprankstipranks
Shinhan Financial downgraded to Outperform from Buy at CLSA
The Fly

Shinhan Financial downgraded to Outperform from Buy at CLSA

CLSA analyst Jongmin Shim downgraded Shinhan Financial to Outperform from Buy with a price target of KRW 37,500, down from KRW 49,000. 2023 "looks tough" for Korea’s banks due to net interest margin peaking, a weak property market, a deteriorating credit cycle and ongoing weakness of non-banks in general, Shim tells investors in a research note.

Published first on TheFly

See the top stocks recommended by analysts >>

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles