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Fly News Breaks for February 11, 2020
HSBC
Feb 11, 2020 | 04:45 EDT
Credit Suisse analyst Claire Kane upgraded HSBC to Outperform from Neutral with a price target of 635 GBp, down from 655 GBp. The bank's structural inefficiencies present an opportunity to deliver an absolute cost reduction of $2B by 2022, Kane tells investors in a research note.
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