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Fly News Breaks for September 11, 2018
HSBC
Sep 11, 2018 | 10:33 EDT
Keefe Bruyette analyst Edward Firth upgraded HSBC to Outperform from Market Perform with an unchanged price target of 725p. HSBC looks expensive, but it is the highest yielding U.K. bank, Firth tells investors in a research note. Further, the analyst believes the company has "defensive characteristics" with only a third of the business in the U.K.