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HSBC Downgrades Spimaco to Hold, Cuts PT

MT Newswires·11/03/2026 08:34:07
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08:34 AM EST, 11/03/2026 (MT Newswires) -- HSBC on Tuesday downgraded pharmaceutical manufacturer Saudi Pharmaceutical Industries and Medical Appliances (SASE:2070), d/b/a Spimaco, to hold from buy and reduced its price target to 26.00 Saudi riyals from 38.00 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)