Stocks in Hong Kong and China closed the week out lower Friday as weak consumer sentiment and property market jitters resurfaced.
The Hang Seng Index ended a three-day winning streak to end down 2.2% at 17,813.45 while China’s CSI 300 Index closed 1.1% lower at 3,663.41.
TD Cowen raised the price target for Constellation Brands, Inc. (NYSE: STZ) from $240 to $300. TD Cowen analyst Vivien Azer upgraded the stock from Market Perform to Outperform. Constellation Brands shares fell 0.8% to close at $257.50 on Tuesday.
Goldman Sachs Group is making notable shifts in its stance on two players in the investment banking sector. A Tuesday note issued to investors highlighted an upgrade for an asset management company and a downgrade for a financial restructuring business.