April 27, 2018 / 3:59 AM / a month ago

BUZZ-India's Yes Bank gains; brokerages cheer Q4 growth, raise PT

** Yes Bank Ltd’s shares rise as much as 4.7 pct to 369 rupees, highest since Oct 17

** Co posted better-than-expected rise in Q4 profit at 11.79 bln rupees ($176.50 mln)

** Jefferies raises PT to 440 rupees from 415 rupees with ‘buy’ rating

** Asset quality surprised positively; believe the next catalyst to be the FY18 divergence - Jefferies

** Macquarie raises PT to 425 rupees from 410 rupees, says co is the only corporate lender without any non-performing loan resolution or RBI revised framework baggage, “freeing it to capture market share aggressively”

** Morgan Stanley likes stock “for good asset quality trends, strong growth, improving liability profile, and inexpensive valuation,”

** 38 of 47 brokerages rate the stock “buy” or higher, six “hold” and three “sell” or lower

$1 = 66.8000 Indian rupees

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