$ICICIBANK

ICICI Bank In Focus – Bernstein Upgrades To Outperform Bernstein on ICICI Bank Upgrade to Outperform from Market-perform; Hike TP to Rs 1800 from Rs 1550 Growth premium is back Bank is returning to its higher-growth trajectory This is supported by improving momentum in key retail segments and its strong deposit franchise Valuations have corrected meaningfully and now trade well below historical averages Creating a far more attractive risk-reward