Major Bank Report

《Brokerage Reports》 Citi raises Tencent (00700) target price to 758 yuan and maintains a “Buy” rating. Nomura: Concerns about political intervention are triggered by adjustments to the US PCE calculation; expects core PCE to peak, keeping interest rates unchanged. BOCOM International: Bullish on Gushengtang (02273) and sees an opportunity for a valuation upgrade, with a target price of 34.2 yuan. HSBC lowers its estimate for the next two years...
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