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HSBC Downgrades Emaar Development to Hold, Reduces PT

MT Newswires·07/20/2026 08:32:35
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08:32 AM EDT, 07/20/2026 (MT Newswires) -- HSBC on Sunday downgraded real estate development company Emaar Development (DFM:EMAARDEV) to hold from buy and reduced its price target to 15.50 Emirati dirhams from 19.30 dirhams. (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)