Goldman Sachs Upgrades HSBC To Conviction Buy

Analysts at Goldman Sachs upgraded HSBC Holdings

from Buy to Conviction Buy. The price target for HSBC Holdings has been raised from $34 to $37. HSBC Holdings shares have dropped 13.88 percent over the past 52 weeks, while the S&P 500 index has gained 11.18 percent in the same period. HSBC Holdings shares climbed 1.65 percent to $45.60 in pre-market trading.