MARKET TALK: Oriel Downgrades Barclays To Hold, HSBC To Add

28th Jul 2010 08:19

0719 GMT [Dow Jones] Oriel Securities downgrades Barclays (BCS) to hold from add, and HSBC Holdings (HBC) to add from buy, but maintains target prices. Says Barclays Capital should see revenue cut of 20% in 2Q versus 1Q, while bank now trades 8% above 312p target price. HSBC trading 10% below 730p target, but shares approaching fair value. Adds retail market continued to be challenging in 2Q based on U.S. bank results. HSBC +0.3% at 668p, while Barclays +2.5% at 348p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 28, 2010 03:19 ET (07:19 GMT)