HSBC: Barclays raises its target price

(CercleFinance.com) - Barclays reaffirms its 'weighted in line' recommendation on HSBC, 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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