Bank of Baroda Share Target Cut by Multiple Analysts After Q1, but 75% Still Say 'Buy'
Author: CNBC-TV18 Markets·
Key Takeaways
- •Citi, Macquarie and JPMorgan maintained bullish ratings on Bank of Baroda after its first-quarter results.
- •Those brokerages lowered their target prices because of a one-time provision and weaker fee income.
- •HSBC kept a Hold rating on Bank of Baroda.
- •HSBC said the bank’s returns may face pressure over the medium term.
Citi, Macquarie and JPMorgan kept their bullish ratings on Bank of Baroda while lowering their target prices after the lender’s first-quarter results, citing the impact of a one-time provision and weaker fee income. The mixed view reflects a broader pattern in bank earnings season, where analysts often separate near-term pressure from longer-term operating performance when revising estimates after results.
HSBC maintained its Hold rating, saying returns may face pressure over the medium term.
Tags
Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not those of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.