HSBC Holdings PLC has initiated coverage and upgraded several stocks, indicating a mixed market outlook.
HSBC’s research team has upgraded the following companies:
- Amer Sports
- Jason Furniture
- Zhejiang Shuanghuan Driveline The upgrades are based on strong growth prospects.
In contrast, HSBC has cut its target prices for the following stocks:
- BEKE-W
- YUEXIU PROPERTY The price cuts are due to concerns over earnings and limited upside potential.
HSBC’s actions suggest a mixed assessment of the market, with both positive and negative views on different companies.