HSBC Announced Two of Its Favorite Turkish Shares

HSBC announced two of its favorite Turkish shares. In addition, the institution increased its price target in 7 Turkish companies. While HSBC raised its price targets in seven final consumption companies under examination, it announced its favorite shares as Mavi and Ülker. In the report written by HSBC analysts Bülent Yurdagül and Neerav Agarwal, the price targets of seven final consumption companies were revised. In the revised report of the institution; It was seen that Anadolu Efes increased its price target from 28.5 TL to 33 TL, BIM raised its target from 80 TL to 92 TL, and Do & Co increased its target from 350 TL to 600 TL. In addition, Migros revised its target from 50 TL to 54 TL, Şok Markets from 15 TL to 17 TL, Ülker from 32 TL to 34 TL. On the other hand, the analysts of the bank did not change the price target of Coca Cola İçecek and left it fixed at 85 TL. The analysts who kept their "Hold" for Do & Co and "Buy" recommendations for other companies, also expressed their appreciation for Mavi and Ülker shares due to their attractive valuations.   Bank Shared its USD/TL Assessment HSBC reported its assessment of the dollar / TL on Tuesday. It was pointed out that a negative atmosphere prevails in the market perception with the general rise of the US dollar, in addition, it was pointed out that if the CBRT maintains its tight monetary policy, and that the TL may have a slight upward momentum in the medium term. On the other hand, in the said note, HSBC stated that if a full normalization process is realized, the USD/TL exchange rate may decrease to 6.50 levels.     You may be interested: HSBC’s USD/TL Short Position Reached the “Stop Loss” Level