BofA cuts PB Fintech price target by 19%; anticipates strong Q2 for Paytm
BofA expects PB Fintech and Paytm to post strong Q2 FY27 growth, but regulatory changes could affect them differently. It cut PB Fintech’s price target 19% to Rs 1,145, while retaining a Rs 1,775 target for Paytm.
Via Entrackr
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"BofA expects PB Fintech and Paytm to post strong Q2 FY27 growth, but regulatory changes could affect the two differently. It cut PB Fintech"s price target by 19% to Rs 1,145, while maintaining a Buy rating on Paytm with a Rs 1,775 target. The brokerage estimates that PB Fintech"s earnings per share (EPS) could decline 39-41% in FY28 and FY29 if the proposed rules are implemented in their current format. However, it maintained its Neutral rating on the company. The…
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