HSBC Stock Rating Upgraded by Bank of America Corp. (HBC)
HSBC (NYSE:HBC) was upgraded by Bank of America Corp. from a “neutral” rating to a “buy” rating in a research note issued on Monday, StockRatingsNetwork reports.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of HSBC in a research note to investors on Tuesday, December 17th. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of HSBC in a research note to investors on Monday, December 9th. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of HSBC in a research note to investors on Friday, December 6th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. HSBC has a consensus rating of “Buy” and a consensus target price of $450.00.
HSBC Holdings plc is a banking and financial services organization. It serves around 89 million customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking.
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