Salomon downgrades target price of Hang Seng to HK$83

Salomon Smith Barney lowered the earnings forecast of Hang Seng (0011) by 4% to reflect the results caused by decreasing turnover, while downgraded its earnings ratio prediction from 17 folds to 15 folds and the target price was also reduced from HK$98 per share to HK$83.

Related stock : (11)