Morgan Stanley downgrades Punjab National Bank to 'underweight' with a price target of INR55.00

  • Investing.com
Morgan Stanley downgrades Punjab National Bank to 'underweight' with a price target of INR55.00

An analyst from Morgan Stanley downgraded Punjab National Bank (NS: PNBK) from Equalweight 'underweight' with a price target of INR55.00 from a prior price target of INR60.00.

Prior to this rating, Punjab National Bank had 3 buy ratings, 7 hold ratings, and 2 sell ratings.

For consensus analyst estimates and price targets on Punjab National Bank, click here. For more news on Punjab National Bank, click here.

Punjab National Bank's stock price closed at $50.25. They are up 6.35% in the last month and up 45.77% in the last 12 months.

According to Investing Pro, Punjab National Bank's fair value is $60.52, an upside of 14.51%. Punjab National Bank's fair value comes with a medium degree of uncertainty, according to InvestingPro.

Check out Punjab National Bank's recent earnings performance and financials here.

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