BofA Securities: Downgrades China Merchants Securities (06099.HK) to "Underperform" in One Move, Cuts Target Price to HK$13.5

Zhitong Finance APP has learned that BofA Securities issued a research report stating that it has downgraded the ratings of China Merchants Securities (06099.HK) and China Merchants Securities (600999.SH) A-shares from "Buy" all the way to "Underperform," cut the H-share target price from HK$17.5 to HK$13.5, and lowered the A-share target price from RMB19.5 to RMB15.5.