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Fly News Breaks for February 19, 2019
HSBC
Feb 19, 2019 | 12:25 EDT
As previously reported, JPMorgan analyst Raul Sinha downgraded HSBC to Underweight from Neutral as he now believes following the bank's report of its FY18 results that revenue growth pressures and investment needs could weigh on the ROTE outlook for longer than he'd previously thought. After the bank's earnings report, Sinha cut his EPS forecasts by a further 3-5% and set a 620p price target on HSBC shares.
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