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HSBC Upgrades Spimaco to Buy Rating, Boosts PT

MT Newswires·09/17/2026 08:34:23
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08:34 AM EDT, 09/17/2026 (MT Newswires) -- HSBC on Thursday upgraded pharmaceutical manufacturer Saudi Pharmaceutical Industries and Medical Appliances Corp. (SASE:2070), d/b/a Spimaco, to buy from hold and increased its price target to 38.00 Saudi riyals from 33.00 riyals. (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)