HSBC Raises STOXX 600 Target
HSBC lifted its year-end STOXX 600 index target to 680 points, citing stronger earnings growth and an improving economic outlook. The brokerage also upgraded Italy to overweight and downgraded France to underweight.
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HSBC HOLDINGS PLC-SPONS ADR raised its STOXX 600 year-end target to 680 points on Wednesday afternoon, citing stronger earnings growth. The revision marks the brokerage's first target upgrade for the European benchmark this year. The adjustment implies 6.3% upside from current levels as investors look past regional economic headwinds.
