HSBC’s “Outperform” Rating Reaffirmed at Credit Suisse (HBC)
HSBC (NYSE:HBC)‘s stock had its “outperform” rating reiterated by Credit Suisse in a research note issued on Tuesday, American Banking & Market News reports.
HBC has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of HSBC in a research note on Tuesday. Separately, analysts at Citigroup Inc. downgraded shares of HSBC from a “buy” rating to a “neutral” rating in a research note on Tuesday. Finally, analysts at Investec reiterated a “buy” rating on shares of HSBC in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target 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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