HomeNewsBusinessStocksIDFC: Goldman Sachs, Morgan Stanley cut target, earnings

IDFC: Goldman Sachs, Morgan Stanley cut target, earnings

Fundamental view has become more bearish on higher stressed loans, a lower tier 1 ratio, lower long term loan growth and lower long-term return on assets against prior estimates, said Goldman Sachs. It believes spin-off of IDFC Bank from IDFC will reduce value for existing IDFC shareholders.

first published: Sep 22, 2015 12:35 pm

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IDFC: Goldman Sachs, Morgan Stanley cut target, earnings

Fundamental view has become more bearish on higher stressed loans, a lower tier 1 ratio, lower long term loan growth and lower long-term return on assets against prior estimates, said Goldman Sachs. It believes spin-off of IDFC Bank from IDFC will reduce value for existing IDFC shareholders.

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