Federal Bank Limited: UBS Hikes Target to ₹310, Keeps 'Buy' Rating

• Global brokerage UBS raised Federal Bank's target price from ₹250 to ₹310, maintaining a 'Buy' rating.
• The new target price suggests an 18.8% potential upside from the previous closing price.
• UBS expects improved operating trends, stable credit costs, and increased loan growth and EPS estimates for FY28-FY29.
• Federal Bank's shares are trading at 1.5x FY27 estimated Price-to-Book, comparable to peers but with a better Return on Equity profile.
• Out of 49 analysts, 35 recommend 'Buy' for Federal Bank; the stock has gained 30.2% year-to-date.

Why It Matters: UBS 'Buy' & higher target price: Federal Bank profit potential.