Goldman Sachs: Raises target price of Standard Chartered Group to 267 Hong Kong dollars, expects second-quarter performance to exceed expectations.

AI has learned that Goldman Sachs has released a research report stating that it has raised the 12-month target price of Standard Chartered Group (02888.HK)s Hong Kong stock from 242 Hong Kong dollars to 267 Hong Kong dollars and maintains a "buy" rating. Goldman Sachs stated that due to increased confidence in Standard Chartered management's execution of strategic plans to achieve an ROTE of approximately 18% in fiscal year 2030, the target price-earnings multiple has been raised from 10.25 times to 11.5 times.