Trading Now: Capitaland India Trust downgraded to Hold from Buy at HSBC
HSBC analyst Joy Wang downgraded Capitaland India Trust to Hold from Buy with a price target of S$1.25, down from S$1.45. The Q3 results from Singapore real estate investment trusts imply a much higher interest rate delta, putting HSBC’s estimates “significantly below consensus,” Wang tells investors in a research note.
Published first on TheFly
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