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Deutsche Bank cuts HSBC to 'hold' after share price gains
By Michele Maatouk
Date: Monday 03 Feb 2025
(Sharecast News) - Deutsche Bank downgraded HSBC on Monday to 'hold' from 'buy' but lifted the price target to 910p from 830p after recent share price gains.
HSBC doesn't have to do a lot to maintain a healthy mid-teens return on tangible equity after many years of restructuring, Deutsche said.
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