Goldman Sachs' Investment Ratings and Target Prices for Chinese Bank Stocks (Table)
Goldman Sachs released a research report, updating the investment ratings and target prices for H-shares of domestic banks. ICBC is rated Neutral, with the target price raised from HKD 5.69 to HKD 5.81; Bank of China is rated Buy, with the target price raised from HKD 4.9 to HKD 4.93; China Construction Bank is rated Buy, with the target price lowered from HKD 8.55 to HKD 8.39; Agricultural Bank of China is rated Neutral, with the target price raised from HKD 4.88 to HKD 4.96; Bank of Communications is rated Sell, with the target price raised from HKD 5.68 to HKD 5.78; PSBC is rated Buy, with the target price lowered from HKD 6.09 to HKD 6.06
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