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<Research>BofAS Lifts HSBC HOLDINGS (00005.HK) TP to $101.4, Still Sees Outperformance Potential
Recommend 17 Positive 30 Negative 9 |
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The management of HSBC HOLDINGS (00005.HK) is confident in its guidance on the details of its wealth management business and cost reorganization, which should help the Group achieve a RoTE of 14-16% (mid-teens) in each of 2025-2027, BofA Securities issued a research report saying. BofA Securities was bullish on HSBC HOLDINGS, believing that the stock still has the potential to outperform the market driven by business update, and that the Group's wealth management business still has room for further upside. Therefore, the broker reiterated rating at Buy for the Group, and lifted its target price from $93.05 to $101.4. AAStocks Financial News |
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