Goldman Sachs: Cuts HSBC Holdings (00005.HK) target price to HK$188, maintains "Buy" rating; deposit competition in focus

Zhitong Finance APP has learned that Goldman Sachs released a research report stating that after HSBC Holdings (00005.HK) announced its third-quarter results, the bank updated its earnings forecasts, focusing on deposit competition, and lowered its target price by 2% from HK$192 to HK$188, maintaining a "Buy" rating.