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《大行》匯豐研究下調美銀(BAC.US)評級至「持有」 降摩通(JPM.US)及高盛(GS.US)評級至「減持」 上調目標價
阿思達克 07-09 10:47
匯豐環球研究發表美國銀行股報告,指出固定利率資產的重新定價、良性信貸質量、投行活動改善及有利監管環境,已充分反映在美國銀行股過去三個月股價上漲35%。但宏觀不確定性依存,市場對可能的減息及經濟增長放緩似乎未予足夠重視。全能型銀行市盈率相較歷史水平已處溢價狀態。 該行又指,美銀(BAC.US)市盈率顯著擴張,儘管市場的業績預期修訂對比同行不利,認為該股在過去三個月上漲32%後上行空間有限。對於摩通(JPM.US)和高盛(GS.US),該行認為風險回報不具吸引力。該行將美銀投資評級從「買入」下調至「持有」;摩通及高盛投資評級從「持有」下調至「減持」。該行對跨區域銀行前景相對樂觀,花旗(C.US)為該行在全能型銀行中唯一給予「買入」評級的股票。匯豐研究全線上調受覆蓋美國主要銀行股目標價。 匯豐研究對美國銀行股最新投資評級及目標價表列如下: 股份│投資評級│目標價(美元) 花旗(C.US)│買入│86美元→97美元 美銀(BAC.US)│買入→持有│47美元→51美元 富國(WFC.US)│持有│71美元→79美元 大摩(MS.US)│持有│117美元→131美元 摩通(JPM.US)│持有→減持│237美元→259美元 高盛(GS.US)│持有→減持│558美元→627美元
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