BofA Securities expects re-ratings for SBI and BoB

BofA Securities expects re-ratings for SBI and BoB

BofA Securities expects shares of State Bank of India and Bank of Baroda to see a valuation re-rating, on account of continued improvements in their growth profile. These state-run banks could also benefit from the capex cycle, the brokerage said. The brokerage has a ‘buy’ rating on both and Bank of Baroda, with target prices … Read more