08 Oct 2025 | 3 Mins Read
UBS backs PSU bank for potential 17% gain due to reasonable valuations
Flipitmoney
UBS initiated coverage on Canara Bank with a "buy" recommendation and a ₹150 price target, implying a 17% upside from Tuesday's ₹128.4 closing level. The brokerage expects steady loan growth, gradual margin improvement, and undercontrolled credit costs, with a reasonable price-to-book value at 0.9 times one-year forward.