We continue to see value, and a turn in the tide on earnings and asset quality but at a slower pace. We would advise patience, as asset quality overhang could be a drag in the near-term.”BofA-ML maintained a ‘buy’ rating on the stock and raised target price to Rs 600 from Rs 549. The brokerage predicted earnings growth of 72 per cent and 56 per cent for 2017-18 and 2018-19, respectively.Morgan Stanley maintained ‘equal-weight’ on Axis Bank with a target price of Rs 550. It further lowered FY18e EPS by 10 per cent on near-term earnings pressure.UBS maintained a ‘neutral’ view on Axis Bank with a target price of Rs 575. UBS sees limited upside in the stock due to valuation and near-term earnings pressure.

Source: Economic Times April 27, 2017 04:41 UTC