Wealth and Asset Management
HSBC downgrades Abrdn, cautious on near-term prospects for wealth managers
HSBC downgraded Abrdn on Friday to ‘reduce’ from ‘hold’ as it took a look at UK wealth managers. The bank, which lifted its price target to Abrdn to 185p from 175p, said it does not see the company coming close to its 2020-23 targets in the near term. "And we…
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