HSBC Maintains Buy on Lufax Holding, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Carson Lo maintains a Buy rating on Lufax Holding (NYSE:LU) but lowers the price target from $3 to $2.5.
May 24, 2023 | 9:33 am
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HSBC analyst Carson Lo maintains a Buy rating on Lufax Holding (NYSE:LU) but lowers the price target from $3 to $2.5.
The news of HSBC maintaining a Buy rating on Lufax Holding indicates a positive outlook for the company. However, the lowering of the price target from $3 to $2.5 may create uncertainty among investors, potentially offsetting the positive impact of the Buy rating. As a result, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100