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Yes Bank faces a slew of downgrades, price targets slashed on stock

Apr 30, 2019 10:17 IST

Yes Bank saw a slew of downgrades after reporting it’s first ever quarterly loss. Macquarie slapped a double downgrade on the stock, scaling it down to 'underperform' and slashing its target price by 40% to Rs 165 - one of the lowest targets.Besides Macquarie, other brokerages such as BoB Capital and Emkay Global have also downgraded the stock. Morgan Stanley has the lowest target price on the Street on YES Bank at Rs 125.

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