Initiated a Buy rating on Federal Bank with a target price of ₹425, implying a 19% upside. The brokerage's positive view is aligned with its broader expectation of a cyclical earnings recovery for the banking sector, driven by factors like healthy loan growth and improving asset quality.

Goldman Sachs Analysis’s track record: 3 graded calls · 95% CI 21–94%

Federal BankBullishCalled 22 Aug 2026
Verdict:PENDING

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