Broker's Take: DBS cuts target prices for OCBC, UOB on credit cost pain

Tue, Mar 17, 2020 - 10:10 AM

Jamie Lee leejamie@sph.com.sg@JamieLeeBT

DBS Equity Research on Tuesday cut its target prices for OCBC and UOB on heightened credit costs and margin pressures, following the US Federal Reserve's 100 basis point (bps) rate cut in response to the global novel coronavirus outbreak.

The bank-brokerage cut its target price for OCBC...

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