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RBC Capital Markets downgraded HSBC to 'underperform' from 'sector perform' and slashed the price target to 560p from 730p as it highlighted elevated risk from China and a stretched valuation.
Cineworld was under the cosh on Wednesday as Barclays cut its stance on the stock to 'equalweight' from 'overweight' and trimmed the target price to 305p from 310p as it highlighted rising US interest rates.
