Morgan Stanley downgrades Swire Pacific (SWRAF) to a Hold
Swire Pacific (SWRAF – Research Report) received a Hold rating and a HK$71.00 price target from Morgan Stanley analyst Praveen Choudhary today. The company's shares closed last Tuesday at $8.53.
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According to TipRanks, Choudhary is a 3-star analyst with an average return of 2.4% and a 50.85% success rate.
The word on The Street in general, suggests a Hold analyst consensus rating for Swire Pacific.
Based on Swire Pacific's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $42.41 billion and a net profit of $407 million. In comparison, last year the company earned a revenue of $43.28 billion and had a net profit of $24.63 billion
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