B · Normal
[Citi reiterated HSBC Holdings' "neutral" rating and raised the target price to HK$172] On September 23, Citi released a research report updating the assumptions of the Federal Reserve and the Bank of England, and now expects terminal interest rates to be 4.75% and 4.25% respectively. The bank accordingly raised HSBC Holdings' earnings per share forecast from 2026 to 2028 by 0% to 3%, 0% to 5% higher than market expectations, and reiterated its "neutral" rating. The target price was raised from HK$165.5 to HK$172, with an expected stock price return of 8.0%. Together with the expected dividend yield of 4.8%, the expected total return is 12.8%.
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