Jefferies cuts HDFC Bank price target, retains Buy after CEO exit. Here’s why
Jefferies retained its Buy rating on HDFC Bank but cut the target price to Rs 880 from Rs 1,050 following CEO Sashidhar Jagdishan’s decision not to seek reappointment.
The brokerage flagged near-term risks to deposit mobilisation and fee income but said valuations remain undemanding.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.