JPMorgan downgrades HSBC Holdings to Neutral

  • Investing.com
JPMorgan downgrades HSBC Holdings to Neutral

A JPMorgan analyst downgraded HSBC Holdings (HK: 0005) from Overweight to Neutral with a price target of $61.00 from a prior price target of HK$66.00.

Prior to this rating, HSBC Holdings had 10 buy ratings, 2 hold ratings, and 0 sell ratings.

For consensus analyst estimates and price targets on HSBC Holdings, click here. For more news on HSBC Holdings, click here.

HSBC Holdings's stock price closed at $56.90. They are up 0% in the last month and up 6.85% in the last 12 months.

According to Investing Pro, HSBC Holdings's fair value is $66.08, an upside of 16.13%. HSBC Holdings's fair value comes with a medium degree of uncertainty, according to InvestingPro.

Check out HSBC Holdings's recent earnings performance and financials here.

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