British based HSBCannounced a positive opinion by revising the target price for TAVHL stock (TAV Havalimanları). In the report published in the morning, he increased his target price for TAV Airports stock to 150 TL, based on positive future expectations, and gave a “BUY” recommendation to investors.
However, this positive opinion expressed by HSBC is not specific to the UK-based bank. Many local brokerage firms and banks also evaluate TAVHL stock with a “BUY” recommendation. For example, while Ziraat Yatırım offers a “buy” recommendation for the stock with a target price of 162 TL, Şeker Yatırım conveys the same recommendation to investors with a target price of 152 TL, and ICBC conveys the same recommendation to investors with a target price of 170 TL. The only “hold” recommendation is on Galata Menkul with a target price of 132 TL. Alb Yatırım recommends “BUY” the stock at a price of 133.5 TL.
Future expectations at Borsa Istanbul seem to be on a positive track. Especially the return of the economic management under Mehmet Şimşek’s management to “rational” economic policies and the steps taken within this framework open the door to an upward acceleration in Borsa Istanbul. In this context, it is a matter of great curiosity whether foreign investors will invest in Borsa Istanbul and TL denominated securities again. In this context, the reports presented by foreign-based institutions such as HSBC regarding Turkish stocks are very important. Investors and industry professionals attach importance to the observations made by such institutions.