HSBC: UBS still a buyer, raises target price

(CercleFinance.com) - UBS has reiterated its 'buy' rating on HSBC shares, having increased its target price for them from 485p to 500p, with its new target price implying upside potential of 13% for the UK financial institution's shares.


"We think HSBC offers attractively valued capital returns, rate gearing and longer term growth, amplified by aims to hold costs broadly unchanged in future," the broker says.


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