The Zhitong Finance App learned that Bank of America Securities released a research report stating that the A-share ratings of China Merchants Securities (06099.HK) and China Merchants Securities (600999.SH) were downgraded from “buy” to “outperform the market”, the target price for H shares was reduced from HK$17.5 to HK$13.5, and the target price for A-shares was reduced from RMB 19.5 to RMB 15.5.

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