[ET Net News Agency, 27 December 2023] Citi lowered its target price for HSBC (00005)
to HKD86.9 from HKD89.4 and maintained its "buy" rating.
The research house said it trims 2023-26E EPS by 0-4% mainly driven by updated interest
rate assumptions following the sharp move lower in US and UK forward curves. (RC)