HSBC: Barclays raises target price
(CercleFinance.com) - Barclays maintains its 'equal weight' recommendation on HSBC shares, while raising its target price from £7.
30 to £8. Barclays makes minor changes to its EPS guidance for 2024 and 2025, but increases the guidance for 2026 by 7%.
The strong performance of wealth management in Asia continues to be a key driver of revenues, the broker points out, also pointing to measures taken by the British banking group on its costs, which are increasingly the focus of attention.
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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.
30 to £8. Barclays makes minor changes to its EPS guidance for 2024 and 2025, but increases the guidance for 2026 by 7%.
The strong performance of wealth management in Asia continues to be a key driver of revenues, the broker points out, also pointing to measures taken by the British banking group on its costs, which are increasingly the focus of attention.
Copyright (c) 2024 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.