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Yes Bank Faces Capital Risk After AT-1 Verdict; Citi Cuts Target, Morgan Stanley Retains 'Underweight'
Source: NDTV Profit (Feedburner) · 2 hr ago
Summary
Citi kept its “Sell” rating on Yes Bank but cut its price target, saying the Supreme Court’s decision overturning the AT‑1 bond write‑down revives concerns about the bank’s capital position. Morgan Stanley also kept an “Underweight” stance on the stock. Both firms note that the ruling raises fresh capital‑risk questions for the lender.
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From the original report
Citi has maintained its 'Sell' rating on Yes Bank but lowered its target price to Rs 17.50 from Rs 22, describing the Supreme Court ruling as a reversal of the AT1 bond write-down that reopens the bank's capital-related concerns.
Excerpt from NDTV Profit (Feedburner).
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