Goldman Sachs upgrades ratings of multiple Bank of China stocks.

Goldman Sachs raised the rating of ABC (01288) H shares to neutral with a target price of HK$4.77; raised the rating of Industrial and Commercial Bank of China (01398) H shares to neutral with a target price of HK$5.62; raised the rating of Bank Of China (03988) H shares to buy with a target price of HK$4.91; raised the rating of China Merchants Bank (03968) H shares to buy with a target price of HK$47.36. Goldman Sachs raised the rating of China Merchants Bank (600036.SH) A shares to buy with a target price of RMB 49.85; raised the rating of ABC (601288.SH) A shares to neutral with a target price of RMB 6.06; raised the rating of Bank Of China (601988.SH) A shares to buy with a target price of RMB 6.60; raised the rating of Industrial and Commercial Bank of China (601398.SH) A shares to neutral with a target price of RMB 7.56.