TC

14/11/2019 17:54

{I-bank focus}Goldman lifts Standard Chartered to HK$80

[ET Net News Agency, 14 November 2019] Goldman Sachs upped its target price for
Standard Chartered (STAN)(02888) to HK$80 from HK$78 and maintained its "buy" rating.
The research house increased its EPS forecasts for STAN by 2%-4% for 2020-23 (-2% for
2019), reflecting recent industry trends and slightly higher revenues only partially
offset by a modest pick up in loan losses.
Goldman said STAN faces only the headwind of lower rates and the bank is less exposed to
UK-specific risks. (KL)

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