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Icici Bank (IBN) Gets a Buy from DBS

Tipranks - Tipranks - Tue Jan 20, 10:08AM CST

In a report released today, Lim Rui Wen from DBS maintained a Buy rating on Icici Bank, with a price target of $37.50.

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Rui Wen covers the Financial sector, focusing on stocks such as Citigroup, Icici Bank, and Mizuho Financial. According to TipRanks, Rui Wen has an average return of 20.3% and an 84.75% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Icici Bank with a $37.50 average price target.

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Based on Icici Bank’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $745.76 billion and a net profit of $135.58 billion. In comparison, last year the company earned a revenue of $672.7 billion and had a net profit of $116.96 billion

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