Federal Bank's 'Inexpensive' Stock Gets CLSA Initiation, 18% Upside Seen

Federal Bank's 'Inexpensive' Stock Gets CLSA Initiation, 18% Upside Seen

Federal Bank Ltd.'s inexpensive stock, deposit composition and lending practices, and management's push to transform into a larger bank have moved analysts at CLSA to initiate coverage with a bullish price target.The brokerage has an 'outperform' rating on the stock, with a 12-month target of Rs 230 apiece, an 18% return potential over the previous close.A relatively 'local' bank with average profitability and dominance in Kerala, Federal Bank i…

As a result of the new US import tariffs, the market has repriced expectations for both the US Fed and the European central banks.