HSBC (HBC) Ticks Higher on Improved Cost Savings Plan
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Deutsche Bank Downgrades HSBC Holdings (HBC) to Hold
May 15, 2013 12:44 PM EDTDeutsche Bank today downgraded HSBC Holdings (NYSE: HBC) from Buy to Hold. The downgrade follows HSBC's 2013-2016 strategic targets announced today.
"We were not disappointed by what we heard today, but neither were we surprised relative to our estimates. HSBC has a strong... More
