[ET Net News Agency, 5 October 2021] UBS lowered its target price for Bank of China
(03988) to HK$2.7 from HK$3.9 and downgraded its rating to "neutral" from "buy".
The research house said the share price may remain range-bound due to a lack of
near-term catalysts and the spill-over effects from potential property-developer defaults.
(RC)