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HSBC Downgrades Al Rajhi Bank to Hold, Reduces PT

MT Newswires·11/13/2026 08:43:47
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08:43 AM EST, 11/13/2026 (MT Newswires) -- HSBC on Friday downgraded Saudi lender Al Rajhi Bank (SASE:1120) to hold from buy and reduced its price target to 70.00 Saudi riyals from 78.00 riyals. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)