CLSA has maintained an outperform rating on the stock with a target price of Rs 920. The research firm believes that the bank’s strong asset quality and healthy growth supports valuations and a clarity on strategic positioning will further support it.
Cipla
Bank of America Merrill Lynch has downgraded the stock to underperform from neutral with a reduced target price of Rs 570. The rating is largely driven by likely delays in key product launches in the US and that regulatory delays are not factored in.
Yes Bank
Goldman Sachs has a buy rating on the scrip with an increased target price to Rs 1,700. The focus here on will turn to how quickly retail revenue mix changes. Analysts at the firm estimate 28 percent loan CAGR over FY16-19— highest among private banks that they cover.
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