BofA Merrill Lynch Upgrades HSBC Holdings (HBC) to Buy
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BofA Merrill Lynch upgrades HSBC Holdings (NYSE: HBC) from Neutral to Buy, also maintaining its price target.
The upgrade follows a nearly 6% slide on Friday of last week amid concerns related to Dubai World debt. The stock is indicated modestly higher this morning, most recently trading at $58.67.
Click here to see all the analyst action on shares of HSBC.
HSBC Holdings plc is a banking and financial services organization.
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