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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Morgan Stanley Maintains Underweight on PNB
Morgan Stanley has reiterated 'underweight' stance on Punjab National Bank for target price of Rs 100 per share. Morgan Stanley says elevated credit costs will likely keep re-rating at bay and reverting back to historical high profitability would be very difficult. Morgan Stanley adds that given the weakness in balance sheet one should expect further cuts.