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This week has seen sharp fluctuations due to increasing uncertainty in the stock markets around the world. However, apart from this, action was recorded for many companies based on their own signals. This week, different brokerage houses have upgraded 3 stocks. Out of these, 2 are banks. This update has been received in view of better signals for the future. Take a look at which are these stocks and what targets have been set.
PNB Housing Finance
In a report released on Tuesday, Goldman Sachs has upgraded PNB Housing Finance and increased the target price. This step has been taken in the report due to expectation of strong loan growth and better profits. The brokerage has raised the target for the stock to 1184. The stock closed at 980 levels. Axis Bank Goldman Sachs has upgraded Axis Bank. The report recommends buying the bank. According to the report, the bank can benefit from increased liquidity in the system. A target of 1228 has been given for the stock. The stock closed at 1069 levels Vedanta Investec has upgraded Vedanta and issued a buy advice. Earlier, a hold advice was given for the stock. A target of 510 has been set for the stock According to the report, with the correction of 17 per cent, investment opportunities have been created in the stock. According to the report, the stock is currently expected to have an average FCF/dividend yield of 12/7 per cent for FY26 and FY27. At the same time, the current market price is at a discount of 12 times the spot LME price. The stock closed at 380 in the last session.
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