HSBC: UBS maintains buy rating after Q3 results
(CercleFinance.com) - UBS reinstates its 'buy' rating on HSBC shares, along with a target price of 485p (12% upside potential), following the UK banking giant's Q3 results.
The broker highlights, amongst other things, pre-provision profits that are 6% better, the announcement of share buybacks of two billion dollars and finally, stable cost forecasts in 2022. Copyright (c) 2021 CercleFinance.com. All rights reserved. The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities. |
19/04/2024 18:06
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