Monday, January 26, 2015

Hutchison Port Holdings upgraded to "overweight" by JPMorgan

Stock Name: HPH Trust USD
Company Name: HUTCHISON PORT HOLDINGS TRUST
Research House: JP Morgan ChasePrice Call: BUYTarget Price: 0.86



SINGAPORE (Jan 26): JPMorgan has upgraded Hutchison Port Holdings Trust to "overweight" from "neutral" and raised its price target to 86 US cents from 75 US cents after increasing its earnings per share estimates by 4% for FY2015 and 8% for FY2016 to factor in expected tariff hikes in Hong Kong and Yantian, China.

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