India's Canara Bank flat as brokerages flag margin pressure, mixed outlook

Canara Bank

25/07/2025 05:05

** Shares of Canara Bank CNBK.NS rise 0.3% to 133.8 rupees, after jumping nearly 4% after results on Thursday

** Morgan Stanley maintains "underweight" rating; raises TP to 95 rupees from 90 rupees, implying ~16.3% downside from last close

** Says core operating profit was below expectations due to lower interest income and higher costs

** Investec Bank maintains "hold" rating; raises TP to 110 rupees from 105 rupees, implying ~3.1% downside

** Expects 10–11% loan growth over FY26–27e, RoA at 0.9%; raises FY26e EPS by 5% on stronger treasury gains and recoveries

** CNBK rated "buy" by 16 analysts on average; median target price is 115 rupees – data compiled by LSEG

** Stock up 13.7% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))