Andrew Lim

Societe Generale downgraded shares of Citigroup Inc (NYSE: C), attributing the rating change to credit quality concerns. The rating was lowered from Hold to Sell, and the price target was decreased from $70 to $65. Delving on the results, analyst Andrew Lim noted that the third-quarter earnings...

SocGen has upgraded Bank of America Corp (NYSE: BAC), Morgan Stanley (NYSE: MS) and UBS Group AG (USA) (NYSE: UBS) to Buy as it believes the “Trump Effect” will increase net interest income, lower corporate taxes and allow for the return of excess capital, benefiting the sector as a...