UBS: Cuts target prices for HSBC Holdings (00005.HK) and Standard Chartered (02888.HK), maintains "Neutral" rating.

Zhitong Finance APP has learned that UBS released a research report stating that UK banks are facing narrowing interest rate spreads and potential tax increase pressures, but benefiting from accelerated loan growth, regulatory easing, and attractive valuations, the firm maintains a "Neutral" rating on HSBC Holdings (00005.HK) and Standard Chartered Group (02888), with the target price for HSBC Holdings lowered from HK$170.8 to HK$157 and the target price for Standard Chartered Group lowered from HK$239.1 to HK$228.