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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