Goldman Sachs: Raises Standard Chartered Group (02888.HK) target price to HKD 168, quarterly performance exceeds expectations.

According to the Wisdom Financial APP, Goldman Sachs released a research report stating that it has raised its EPS forecasts for Standard Chartered Group (02888.HK) for the years 2025 to 2027 by 3%, 5%, and 4% respectively, mainly reflecting the impact of lower tax rate assumptions. Pre-tax profit forecast remains largely unchanged. The target price for Standard Chartered's Hong Kong stocks has been raised by 24% from 135 Hong Kong dollars to 168 Hong Kong dollars, with a neutral rating maintained.