LONDON, February 25 (newratings.com) - Analysts at Deutsche Bank (Xetra:
514000 -
news) maintain their "hold" rating on HSBC Holdings (LSE:
HSBA.L -
news) (ticker: HSBA). The target price has been reduced from 532p to 510p.
In a research note published this morning, the analysts mention that the outlook for the company remains challenging in view of the ongoing headwinds from rising loan losses and potential risk asset write downs. HSBC Holdings' results are expected to reflect a further deterioration in the credit quality going forward, the analysts add. The company's capital ratios need to be boosted in the near future, Deutsche Bank says.
© 2009 New Ratings
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