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HSBC: Recreation set to become fastest growing sector of global consumer demand due to increased discretionary spending on travel and leisure, particularly from Asian consumers and slate of emerging economies

Analysts on UPS' financial targets: HSBC says UPS will have to turn to acquisitions to help achieve its 2026 revenue forecast of US$108B-US$114B; Stifel says outlook may be too optimistic, especially after 2023's weak demand and labor challenges

HSBC downgrades L'Occitane to hold from buy, but raises target by HK$8 to HK$34 based on 5% hike in EBIT forecasts over fiscal 2024-2026; share price up 40% year-to-date on privatization hopes, surging growth of its Sol de Janeiro brand

HSBC downgrades Cosco Ship to hold on oversupply risks, but rebound in ocean freight rates may benefit its earnings; Cosco could seize opportunity to raise rates and surcharges on its customers, negotiate better-than-expected contract rates for 2024

HSBC upgrades Target to buy from hold and raises target by US$55 to US$195 after strong Q4 earnings and updated guidance, with better earnings momentum ahead; Target viewed as true omnichannel retailer, blending 2,000 physical stores with digital sales

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