Citi: Raises Standard Chartered (02888.HK) target price to HK$230.8, upgrades earnings forecast on positive near-term momentum.

Citi released a research report stating that after Standard Chartered Group (02888.HK) announced its third-quarter 2026 results, the bank raised its 2026 earnings per share forecast by 10% and its 2027-2028 earnings per share forecasts by 3%; the bank raised its target price from HK$223.7 to HK$230.8, reiterated its "Neutral/High Risk" rating, but based on recent better earnings momentum, it now favors Standard Chartered over HSBC Holdings (00005.HK), which also carries a "Neutral" rating.