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Buy Federal Bank; target of Rs 185: YES Securities

YES Securities is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 185 in its research report dated January 16, 2023.

January 17, 2023 / 11:30 AM IST
 
 
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YES Securities' research report on Federal Bank

Management enhanced RoA guidance for FY23 and FY24, with no single lever expected to be the dominant driver for RoA expansion. Management guided for loan growth to be in the high-teens for FY24, which is similar to what they had flagged for FY23. The guidance for cost to income ratio was 47.5-48% for FY24, with many moving parts.

Outlook

We maintain ‘Buy’ rating on FED with a revised price target of Rs 185.

For all recommendations report, click here

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Federal Bank - 17 -01-2023 - yes

Broker Research
first published: Jan 17, 2023 11:30 am

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