Citi Adjusts HDFC Bank Target Price Amid Financial Projections
Monday, 22 July 2024, 15:26
Citi Adjustments on HDFC Bank
Citi has announced a reduction in the stock price target for HDFC Bank as well as adjustments to their FY25 and FY26 forecasts.
Key Changes
- Price Target Reduction: Citi has lowered its projected target price for HDFC Bank stock.
- Financial Outlook: The revisions reflect new insights into the bank’s financial performance and expectations.
- Market Dynamics: The changes are influenced by overall market conditions and economic indicators.
In conclusion, these updates from Citi highlight a cautious perspective on HDFC Bank, which could potentially affect investors’ strategies moving forward.
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