[ET Net News Agency, 14 November 2019] Goldman Sachs lowered its target price for HSBC
Holdings (00005) to HK$75 from HK$77 and maintained its "buy" rating.
After factoring in 3Q results and reflecting recent industry trends, slightly lower
revenues, and higher credit costs, the research house cut its 2019/20/21 EPS estimates by
7%/3%/5%.
In addition, Goldman no longer incorporated buy-backs into its estimates given the
potential restructuring plans. (KL)