Bandhan Bank sees rating and target price slashed

Bandhan Bank sees rating and target price slashed by Jefferies following CEO’s resignation

Bandhan Bank: Jefferies brokerage downgraded Bandhan Bank Ltd.’s rating from “buy” to “underperform” after the bank announced on April 5 that its Managing Director and CEO, Chandra Shekhar Ghosh, would step down Upon the conclusion of his service in early July. The brokerage reduced the stock’s target price to Rs 170 from Rs 290, attributing…

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