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<Research>Citi Adds HSBC HOLDINGS to 90D Upside Watchlist w/ TP Lifted to HKD118.2
Recommend 23 Positive 43 Negative 16 |
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Over the past three months, highly internationalized UK banks have delivered more solid performance on the back of the rising HIBOR and easing tariff concerns, according to a report from Citi on the UK banking sector. In contrast, domestic UK banks have lagged behind due to growing market worries over the macroeconomic outlook in the fiscal budget scheduled for November 26. Citi's industry top picks were NatWest (NWG.L) and HSBC HOLDINGS (00005.HK), both rated Buy. The target price for HSBC HOLDINGS was raised from HKD105.6 to HKD118.2. The broker also added HSBC HOLDINGS to its Upside 90-Day Short-Term View watchlist. AAStocks Financial News |
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