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BUZZ-HSBC: Nomura cuts PT on lower revenue growth

Mon, 10th Aug 2015 08:41

** HSBC down 1.3 pct after Nomura cuts PT on stockto 675p from 680p, keeps "hold" rating

** "Revenue environment remains challenging, so revenuegrowth of c4% in 1H15 will likely slow down creating furtherrisks," Nomura analysts say

** Stock among top losers on FTSE 350 Banks Index, which is down 1.2 pct

** Peers Standard Chartered, Lloyds, RBS and Barclays down 0.8-1.3 pct, 5 of top 6losers on pan-European Stoxx 600 Banks Index along withHSBC

** Decent volumes on all stocks, with almost a third ofLloyds' daily avg volume going through in the first 90 mins oftrade

** Challenger bank Aldermore down 3.7 pct, amonglargest FTSE midcap losers (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)

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