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Fly News Breaks for January 14, 2019
HSBC
Jan 14, 2019 | 06:38 EDT
Deutsche Bank analyst David Lock downgraded HSBC to Sell and lowered his price target for the shares to GBP 560 from GBP 718. The analyst views the stock as expensive relative to peers worldwide. Further, he believes changes in U.S. interest rate expectations and rising property risks in Hong Kong, with houses prices expected to fall 25%, present headwinds for HSBC.
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