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Analysts upbeat on S'pore banks ahead of results

HSBC upgrades OCBC to 'overweight', citing clearer earnings outlook; Jefferies raises target price for DBS

The HSBC and Jefferies reports reflect general optimism in the run-up to results releases for local banks.

ANALYSTS are showing Singapore banks positive interest ahead of their results announcements, lighting the candles and putting on soft music with an upgrade and a raised target on Thursday.

HSBC upgraded OCBC Bank to "overweight" from "neutral" and raised its target price for the stock to