G Sachs Raises STANCHART TP to HKD243; 1Q26 Profit Beats Forecast
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G Sachs has raised its target price for Standard Charteredfrom HKD237 to HKD243 following a strong 1Q26 performance, where profits exceeded market expectations by 25%. This improvement was attributed to robust non-interest income, along with slightly better net interest income and tax rates. The broker also increased its 2026 EPS forecast for Standard Chartered by 5%. The Buy rating remains unchanged, and shares in London rose from 2,165 pence to 2,260 pence.
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